You would think a policy that was supposed to promote American energy independence would, well, do that. But that’s not the case with the Renewable Fuel Standard (RFS), a policy that forces increasing amounts of biofuels into the U.S. fuel supply.
Congress wants to put a band-aid on the failed RFS with S.517, the Consumer and Fuel Retailer Choice Act. The bill would waive Clean Air Act Reid Vapor Pressure (RVP) rules for E15 fuel—gasoline blended to contain 15 percent ethanol—allowing it to be sold during the summer months. Check out these 5 reasons why S.517 fails consumers and is another distraction from the already crippled RFS.
Today, the Environmental Protection Agency announced a 1.2 billion gallon increase in the amount of biofuel Americans must consume in their gasoline in 2017 compared to 2016. The final renewable volume obligations (RVOs) released today are higher than the volumes EPA proposed in May of this year by 428 million gallons.