AFPM exec: RFS is hurting U.S. economy, consumers

05/15/2013 | Hill, The

The Renewable Fuel Standard is hurting the U.S. economy as well as consumers, writes Charles Drevna, president of the American Fuel and Petrochemical Manufacturers. The increasing blend targets of the RFS seem to favor E15, which is not approved for all vehicles and could cause damage to small engines, he writes. It also drives up food prices by increasing the demand for corn. "Congress had laudable intentions when it passed the RFS, but the past six years have underscored the costly economic and environmental impacts of this policy. It is time to restore competition and consumer choice to the fuel markets, and for Congress to repeal the Renewable Fuel Standard," he writes.

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Hill, The

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