# Five oil-refining states ask US EPA to waive biofuel mandate amid plunging fuel demand | S&P Global

> Governors of Louisiana, Texas, Oklahoma, Utah and Wyoming asked EPA to grant hardship waivers from the Renewable Fuel Standard as plunging fuel demand strains refiners. EPA said it is reviewing the letter, and the 43 states under stay-at-home orders account for 95% of US gasoline demand.

- Date: 2020-04-16 · published 2020-04-16T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/53530-five-oil-refining-states-ask-us-epa-to-waive-biofuel-mandate-amid-plunging-fuel
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Waivers would cut required biofuel blending for 2020, reducing demand for corn-based ethanol and soybean oil. The request adds downside risk to corn and soyoil prices if EPA acts.

## Read by commodity

- SBO: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-08-20 | [Biden may reduce biofuel quotas, handing a win to oil-state Democrats](https://feedsoft.ai/events/45441-biden-may-reduce-biofuel-quotas-handing-a-win-to-oil-state-democrats.md) | +0.4% | -6.4% |
| CORN | 2021-05-20 | [U.S. EPA to keep biofuel mandates steady in 2021-22 due to coronavirus](https://feedsoft.ai/events/46969-u-s-epa-to-keep-biofuel-mandates-steady-in-2021-22-due-to-coronavirus.md) | -4.4% | +4.0% |
| CORN | 2018-07-11 | [EPA scraps detailed plan to force U.S. refiners to blend more biofuels](https://feedsoft.ai/events/63922-epa-scraps-detailed-plan-to-force-u-s-refiners-to-blend-more-biofuels.md) | +0.5% | +9.5% |
| CORN | 2019-08-21 | [Lacking US biofuel demand undermining grain prices: Grain Market Daily \| AHDB](https://feedsoft.ai/events/57687-lacking-us-biofuel-demand-undermining-grain-prices-grain-market-daily-ahdb.md) | +1.9% | +1.2% |
| CORN | 2021-09-22 | [EXCLUSIVE: EXCLUSIVE Biden administration mulls big cuts to biofuel mandates in win for oil industry -document \| Reuters](https://feedsoft.ai/events/44932-exclusive-exclusive-biden-administration-mulls-big-cuts-to-biofuel-mandates-in.md) | +1.6% | +2.0% |
| SBO | 2025-11-03 | [Shifting Biofuel Demand Reshapes Global Oil Markets](https://feedsoft.ai/events/22041-shifting-biofuel-demand-reshapes-global-oil-markets.md) | -0.7% | +4.3% |
| SBO | 2026-10-14 | [CBOT soybean oil futures plunge as EPA biofuel proposal weighs on the market \| S&P Global](https://feedsoft.ai/events/502-cbot-soybean-oil-futures-plunge-as-epa-biofuel-proposal-weighs-on-the-market-s.md) | +2.4% | — |
| SBO | 2021-08-20 | [Biden may reduce biofuel quotas, handing a win to oil-state Democrats](https://feedsoft.ai/events/45441-biden-may-reduce-biofuel-quotas-handing-a-win-to-oil-state-democrats.md) | -2.5% | -7.0% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/crude-oil/041620-five-oil-refining-states-ask-us-epa-to-waive-biofuel-mandate-amid-plunging-fuel-demand

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.