Analysis: Scaling back RFS target will hurt Americans in their wallets

11/6/2013 | Bloomberg Businessweek

Cutting back the biofuel blending requirements from statutory levels would result in American motorists spending between $7 billion and $11 billion more for fuel in 2014, according to analysis by Geoff Cooper, vice president of research and analysis for the Renewable Fuels Association. "Reducing the amount of renewable fuel required would decrease refiner and blender purchases of ethanol, increase the sales volume of gasoline and increase the price of gasoline," Cooper stated.

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