CBO Analyzes RFS: Expect Higher Gasoline and Diesel Prices
Renewable Fuel Standard (RFS), The system is broken, with missed deadlines and increasing costs
By Institute for Energy Research —— Bio and Archives--July 2, 2014
Global Warming-Energy-Environment | Comments | Back To Full Article
Government mandates increase energy prices compared to the energy prices in a free market. That is the upshot of a new Congressional Budget Office's (CBO) study analyzing the impact of 3 scenarios relating to the Renewable Fuel Standard (RFS). The RFS is a federal government mandate requiring the use of specified levels of ethanol and advanced biofuels in transportation fuels.
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