Time for Congress to Reform the Renewable Fuel Standard

“Created by Congress in 2005, the Renewable Fuel Standard (RFS) is a program that requires American refiners to blend renewable fuels — primarily ethanol — into the fuel that consumers across the country use to fuel their cars and trucks.

Under the law, ethanol and biodiesel producers receive a Renewable Identification Number (RIN) for each gallon of renewable fuel they produce, which is transferred to refiners who purchase and blend the renewable fuel into gasoline and diesel. These compliance costs are then passed on to drivers in the retail price of fuel.”

Read more at Real Clear Energy.

Image source: Joe Mahoney/Richmond Times-Dispatch via AP

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