Drivers of 2001 and newer model vehicles could begin using E15 fuel as early as August.
That prediction comes from Monte Shaw, Executive Director of the Iowa Renewable Fuels Association - following the EPA’s issuance of its final rule on E15 last week:
"It's kind of the final Federal hurdle we had to get through to offer E15 to cars 2001 and newer. Now, that doesn't mean you can go out and put it in your car today, there are other things the industry has to do. We have to register the fuel, we have to get retailers to check their systems out and offer it and that's going to take some time, probably into August - September."
The EPA also issued its mandatory E15 pump label.
Debt Ceiling Discussed at the White House
President Obama held a brief photo op at the beginning of his meeting with Congressional leaders on negotiations to raise the debt ceiling and lower the federal deficit ... He spoke with reporters afterward in the White House briefing room:
"People were frank. We discussed the various options available to us. Everybody re-confirmed the importance of completing our work and raising the debt limit ceiling so that the full faith and credit of the United States of America is not impaired."
Retail Sales Perking Up Due to Good Deals
Thanks to large discounts on summer products, top retailers are on pace to report better-than-expected sales gains for June. Economist Joel Naroff:
"We need people to feel a little bit better about the world to get them spending once again."
Pork Board Budget Development Begins
During next week’s annual Pork Industry Conference the National Pork Board will begin its work to develop its 2012 plan and budget. The planning process begins next Tuesday with an assessment of market conditions, projection of available Checkoff revenue and establishment of a fiscal year spending target.
Calorie Labels Largely Ignored
The federal government is putting the finishing touches on a set of regulations designed to standardize nutrition labeling of restaurant chains...part of the Obama administration's health care law. Questions are being raised about how effective those rules will be. CBS News correspondent Gary Nunn reports:
"When you see a calorie count or fat content label, does that influence your diet choice? Experts say, probably not. They question the restaurants and nutritionists toward healthier eating and the push to get people to slim down., many researchers say for the most part eating habits rarely change despite warnings or medical advice. Mouth watering allure of a cheeseburger or cheesecake is impossible to resist."