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FTC releases 2025 report on ethanol market concentration

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Key takeaways

Follow Up Questions

What is the Federal Trade Commission (FTC) and what role does it play in monitoring markets like ethanol?Expand

The Federal Trade Commission (FTC) is an independent U.S. government agency whose mission is to protect the public from unfair or deceptive business practices and from unfair methods of competition. It does this mainly by enforcing antitrust (competition) and consumer-protection laws, investigating business conduct, reviewing mergers, and publishing studies and reports. In markets like ethanol, the FTC monitors how competitive the industry is and, as required by law, analyzes whether a few firms could have enough power to fix prices or otherwise harm competition.

What does "ethanol market concentration" mean and why does it matter for consumers and competition?Expand

“Ethanol market concentration” describes how much of the ethanol production industry is controlled by a small number of companies. If a few firms account for most production capacity, the market is highly concentrated, which makes price‑setting or other anticompetitive behavior more likely. If many firms each have smaller shares, the market is less concentrated and more competitive. The Energy Policy Act of 2005 requires the FTC each year to analyze ethanol market concentration specifically “to determine whether there is sufficient competition among industry participants to avoid price‑setting and other anticompetitive behavior,” because this affects fuel prices and the fairness of the market for consumers and other businesses.

What specific reporting requirement does the Clean Air Act impose on the FTC regarding ethanol markets?Expand

The Clean Air Act, as amended by Section 1501 of the Energy Policy Act of 2005 (codified at 42 U.S.C. § 7545(o)(10)), requires the FTC to:

  • perform a market concentration analysis of the U.S. ethanol production industry each year, using measures such as the Herfindahl‑Hirschman Index, and
  • report the findings annually to Congress, specifically to assess whether there is sufficient competition to avoid price‑setting and other anticompetitive behavior in ethanol markets.
How did the Energy Policy Act of 2005 change the Clean Air Act's requirements for ethanol market review?Expand

The Energy Policy Act of 2005 amended the Clean Air Act by adding Section 211(o)(10) (42 U.S.C. § 7545(o)(10)). This new provision created a specific, ongoing requirement that the FTC annually:

  • conduct a market concentration analysis of the ethanol production industry (using the Herfindahl‑Hirschman Index), and
  • report to Congress on whether there is enough competition to prevent price‑setting and other anticompetitive behavior. Before this 2005 amendment, the Clean Air Act did not require the FTC to perform this yearly ethanol market concentration review.
Where can I read the full 2025 Report on Ethanol Market Concentration and the FTC press release?Expand
Does the FTC report typically include policy recommendations or enforcement actions that could affect ethanol producers, distributors, or fuel suppliers?Expand

Past FTC ethanol market concentration reports are primarily analytical, not prescriptive. They describe industry structure, calculate concentration measures, and conclude whether nationwide coordination on price or output is likely. For example, the 2025 press release repeats the standard finding that nationwide price‑setting or coordinated behavior is “unlikely,” but does not announce new enforcement actions or specific policy recommendations aimed at ethanol producers, distributors, or fuel suppliers. Any actual enforcement cases or policy changes would proceed under separate processes, even if the FTC considers information from these reports.

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