The renewable fuel standard has powered 20 years of lower gas prices , stronger farms , and greater American energy independence. Yet, in a recent Washington Examiner op-ed, two refinery executives claimed that “the EPA’s proposed expansion of the RFS directly raises gasoline prices and threatens America’s oil refineries.”
That argument is beyond misleading, and the data prove that.
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Let’s start with the facts. Ethanol, the primary renewable fuel under the RFS, consistently trades below the price of gasoline blendstock. Independent studies show that ethanol b