The American Petroleum Institute and the American Fuel and Petro Chemical Manufacturers have petitioned the EPA to waive the Renewable Fuel Standard for 2014. They’re asking that the RFS require less than 10 percent of gasoline be blended into renewables. American Coalition for Ethanol Executive Vice President Brian Jennings says allowing that type of waiver would be costly and hurt consumers.
Jennings says it will be tough for the oil companies to prove that the RFS has caused severe economic harm to consumers when just the opposite is true.
He says the oil groups are just trying to influence Congress to do away with the RFS rather than make a serious attempt to obtain a waiver.
Jennings says EPA hasn’t even set the RFS targets yet for 2014 so to ask for a waiver doesn’t make sense.