An Assessment of the Economic Consequences of the Renewable Fuels Mandate
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EPRINC’s response to RFA criticism of this report – September 20, 2012
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Executive Summary
Under U.S. law, U.S. petroleum refiners and other so-called obligated parties must blend ever larger volumes of renewable fuels into the U.S. gasoline and diesel fuel supply. The program is known as the Renewable Fuel Standard (RFS). Corn ethanol is not mandated under the RFS. However, 98% of “conventional biofuels” produced in the U.S. and blended into gasoline are derived from corn, thus creating a de facto mandate for corn ethanol. The RFS mandate for conventional biofuels is set to rise from 13.2 billion gallons in 2012 to Read More >>>