Lower Ethanol Mandate Would Cost Consumers, Group Says
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U.S. motorists will spend $7 billion to $11 billion more on gasoline next year if the government scales back ethanol use requirements, the Renewable Fuels Association said.
“Reducing the amount of renewable fuel required would decrease refiner and blender purchases of ethanol, increase the sales volume of gasoline and increase the price of gasoline,” Geoff Cooper, a vice president of research and analysis for the Washington-based industry group, said today on a conference call with journalists.