The American Petroleum Institute has made another attempt to convince the Obama Administration to waive the Renewable Fuel Standard and end E-15.
Renewable Fuels Association President and CEO Bob Dinneen says it’s another example of oil companies unnecessarily scaring people – as the RFS has created jobs, helped the U.S. economy and saved consumers money at the pump. Dinneen says API’s conclusions are inaccurate because their assumptions are flawed. The study API refers to ignores the Standard’s flexibility to make it easier for refiners to meet their RFS obligation – according to Dinneen. He says API is just misleading people in suggesting the RFS will increase gas prices.