On Tuesday, the EPA released a proposal to raise the biofuel mandate 3.1 percent to 19.88 billion gallons in 2019.  Under the Renewable Fuel Standard (RFS), fuel suppliers are required to mix billions of gallons of ethanol into gasoline and diesel fuel each year.
Despite objections from across the political spectrum, supporters of the mandate continue to argue that the RFS reduces gas prices, promotes economic growth, and contributes to a cleaner environment. In recent years however, reality has set in as each of these claims has been proven false and the RFS has been exposed for what it really is: a transfer of consumer wealth to the ethanol industry.