Fuel & Energy

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Congress Reinstates Oil Spill Liability Tax on Prospective (Not Retroactive) Basis

February 9, 2018

Congress Reinstates Oil Spill Liability Tax on Prospective (Not Retroactive) Basis

The budget deal that Congress passed on Feb. 8 restores the 9-cent-per-barrel tax on oil to pay for spill cleanups. The tax will not take effect until March 1, 2018, however, and will not be applied to transactions taking place between Jan. 1 and Feb. 28.

Congress Passes Retroactive Biodiesel Tax Credit for 2017 as Part of Larger Budget Package

February 9, 2018

Congress Passes Retroactive Biodiesel Tax Credit for 2017 as Part of Larger Budget Package

Congress yesterday passed and President Trump signed legislation providing for a retroactive biodiesel blenders' tax credit for 2017, leaving the credit's status in 2018 and beyond uncertain. The measure was included as part of a larger budget package that will keep the federal government funded for the foreseeable future.

NATSO, Others Urge Congress to Approve Multi-Year Extension of Tax Extenders

December 20, 2017

NATSO, Others Urge Congress to Approve Multi-Year Extension of Tax Extenders

NATSO joined nearly 60 organizations representing a variety of business, energy, transportation, and agriculture stakeholders in urging Congress to approve a seamless, multi-year extension of the tax extenders before the end of 2017.

NATSO, Biodiesel Supply Chain Unified in Support of Extending Biodiesel Tax Credit

December 19, 2017

NATSO, Biodiesel Supply Chain Unified in Support of Extending Biodiesel Tax Credit

NATSO on Dec. 18 along with all major associations representing the biodiesel supply chain signed a letter urging leaders of the House Committee on Ways and Means and the Senate Finance Committee to include a retroactive, multi-year extension of the biodiesel tax incentive in end of year legislation.

A Look at the 2018 Renewable Fuel Standards

December 14, 2017

A Look at the 2018 Renewable Fuel Standards

For more than a decade, the federal Renewable Fuel Standard (RFS) program has sought to improve the emissions characteristics of fuel and support the domestic biofuels sector, while increasing American energy independence and security. The program calls for increasing volumes of renewable fuels—known as renewable volume obligations (RVOs)—to be blended into the nation’s transportation fuel supply every year.

International Trade Commission Moves Closer to Imposing Duties on Biodiesel Imports

December 6, 2017

International Trade Commission Moves Closer to Imposing Duties on Biodiesel Imports

The U.S. International Trade Commission on Dec. 5 made a final finding that biodiesel imports from Argentina and Indonesia harm U.S. producers. The decision, coupled with last month's final countervailing duties determination by the Department of Commerce, paves the way for final countervailing duties orders by the end of December. NATSO disagrees with the outcome, preferring free trade policies, and maintains that limiting fuel marketers' access to supply from overseas will raise retail fuel prices. The decision does, however, obviate the need for Congress to convert the biodiesel tax credit from a blender credit to a producer credit, as this change was designed to limit imports in the first place.

Sen. Barrasso Calls on EPA to Study the Renewable Fuel Standard’s Impact on the Environment

December 4, 2017

Sen. Barrasso Calls on EPA to Study the Renewable Fuel Standard’s Impact on the Environment

The Chairman of the Senate Committee on Environment and Public Works sent a letter to Environmental Protection Agency (EPA) Administrator Scott Pruitt Dec. 1 requesting that the agency complete several outstanding studies assessing the impact of the Renewable Fuel Standard (RFS) on air, water, and land quality.

Iowa 80 Thanks Senator Ernst for RFS Leadership

December 4, 2017

Iowa 80 Thanks Senator Ernst for RFS Leadership

Delia Moon Meier, owner and senior vice president of the Iowa 80 truckstop, recently applauded the Environmental Protection Agency (EPA) for its recent decision to reject proposals to change the current compliance structure under the Renewable Fuel Standard (RFS) as well as thanking Iowa Senator Joni Ernst for helping to lead that effort.

EPA Releases Final 2018 Renewable Fuel Mandates

December 1, 2017

EPA Releases Final 2018 Renewable Fuel Mandates

The Environmental Protection Agency (EPA) on November 30 finalized its renewable fuel volume mandates for 2018. The final renewable volume obligations (RVOs) are very similar to the Agency’s original proposed mandates that were released in July.

New England, New York Energy Groups Urge Lawmakers to Extend, Phase Out Biodiesel Blenders' Tax Credit

November 28, 2017

New England, New York Energy Groups Urge Lawmakers to Extend, Phase Out Biodiesel Blenders' Tax Credit

The New England Fuel Institute (NEFI) and the New York State Energy Coalition (NYSEC) marked the latest organizations to urge lawmakers to retroactively extend the biodiesel blenders’ tax credit and phase it out over five years. In a letter to the Senate Finance Committee, NEFI and NYSEC said that proposals to shift the biodiesel tax credit to a producers’ credit would have an immediate and adverse effect on biodiesel supplies in the Northeast, including supply disruptions and an increase in consumer prices for biodiesel blended heating oil in New England and New York.

Environmental Protection Agency Rejects Petition to Alter Compliance Responsibility Under the RFS

November 27, 2017

Environmental Protection Agency Rejects Petition to Alter Compliance Responsibility Under the RFS

The Environmental Protection Agency (EPA) on Nov. 22 rejected proposals to change the current compliance structure under the Renewable Fuel Standard (RFS), ending a major push by merchant refiners and other obligated parties to shift what is commonly known as the point of obligation from refiners and importers to “rack sellers.”

NACS Joins SIGMA in Telling Senate Finance It Prefers No Biodiesel Tax Credit to Producers’ Credit

November 15, 2017

NACS Joins SIGMA in Telling Senate Finance It Prefers No Biodiesel Tax Credit to Producers’ Credit

The National Association of Convenience Stores (NACS) marked the second association in as many days to publicly express that although it supports the biodiesel blender’s tax credit it would prefer no credit rather than have it converted to a producer’s credit.

SIGMA Supports Biodiesel Blenders' Tax Credit; Prefers No Credit to Producers' Credit

November 15, 2017

SIGMA Supports Biodiesel Blenders' Tax Credit; Prefers No Credit to Producers' Credit

The Society of Independent Gasoline Marketers of America on Nov. 14 told members of the Senate Finance Committee that although it supports the biodiesel blender’s tax credit, the association would prefer no credit rather than have it converted to a producer’s credit.

EPA Sends 2018 RFS Proposal to OMB for Review

November 2, 2017

EPA Sends 2018 RFS Proposal to OMB for Review

The Environmental Protection Agency (EPA) on Nov. 1 submitted its proposed rule for the 2018 Renewable Fuel Standard (RFS) renewable volume obligations -- and 2019 obligations for biomass-based diesel -- to the White House Office of Management and Budget (OMB) for interagency review. This marks the final step before the proposal is published in the Federal Register and open for public comment.

NATSO, Biodiesel Supply Chain Urge Tax-Writing Committees to Extend, Phase Out Biodiesel Tax Credit

October 31, 2017

NATSO, Biodiesel Supply Chain Urge Tax-Writing Committees to Extend, Phase Out Biodiesel Tax Credit

NATSO and a diverse group of biodiesel producers, fuel retailers and trucking interests representing every segment of the biodiesel supply chain sent a letter the Senate Finance Committee and House Ways and Means Committee on Oct. 31 in support of extending and phasing out the biodiesel blenders’ tax credit, and outlining their opposition to efforts to shift the credit to a producers’ credit as the tax-writing committees consider tax reform legislation.

Federal Court Halts Implementation of EPA Trailer Regulation

October 30, 2017

Federal Court Halts Implementation of EPA Trailer Regulation

The D.C. Circuit Court of Appeals on Oct. 27 halted implementation of the Environmental Protection Agency’s (EPA) first ever regulation for truck trailers.

Commerce Announces Preliminary Dumping Determination on Biodiesel Imports from Argentina and Indonesia

October 25, 2017

Commerce Announces Preliminary Dumping Determination on Biodiesel Imports from Argentina and Indonesia

The U.S. Department of Commerce Oct. 23 announced a preliminary determination regarding biodiesel imports from Argentina and Indonesia, finding biodiesel is being dumped into the United States at below fair-market value. As a result, biodiesel importers will be required to pay cash deposits to the U.S. government on biodiesel imports from Argentina and Indonesia at a rate equal to the dumping margins.

EPA Administrator Reassures Midwest Senators on Agency Steps on the Renewable Fuel Standard / Regulatory

October 23, 2017

EPA Administrator Reassures Midwest Senators on Agency Steps on the Renewable Fuel Standard / Regulatory

Responding to pushback from a number of Midwestern Senators, Environmental Protection Agency (EPA) Administrator Scott Pruitt outlined a number of steps the agency intends to take on the Renewable Fuel Standard. Pruitt detailed the changes, which will be beneficial to NATSO members, in an Oct. 19 letter addressed to seven Senators, including Iowa Senators Chuck Grassley and Joni Ernst and Nebraska Senator Deb Fischer among others.

NATSO Files Comments With EPA on Renewable Fuel Mandates

October 20, 2017

NATSO Files Comments With EPA on Renewable Fuel Mandates

NATSO on Oct. 19 filed comments with the Environmental Protection Agency (EPA) in response to the agency's request for input on reducing renewable fuel mandates. Specifically, EPA has suggested that it is considering reducing annual renewable volume obligations (RVOs) by tying them to domestic renewable fuel production capacity, rather than the market's ability to consume renewable fuel. NATSO, in its comments, told EPA that this policy shift would undercut the purpose of the RFS and ultimately lead to higher fuel prices for consumers.

One Year Remains to Meet Final UST Regulation Deadline

October 17, 2017

One Year Remains to Meet Final UST Regulation Deadline

Truckstops and travel plazas with underground storage tanks are reminded that they officially have just one year left — until Oct. 13, 2018 — to meet the final requirements established in the Environmental Protection Agency’s (EPA) Final Rule revising underground storage tank regulations.

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