date:Jul 23, 2012
an and wheat prices to the detriment of food and fuel producers and consumers.
The RFS, first imposed in 2005 and revised in 2007, this year requires 15.2 billion gallons of ethanol to be produced. Most of that amount is blended into gasoline at 10%.
The increases weve seen in commodity prices are strongly associated with the RFS mandate, Elam said. At the same time, we havent seen the promised benefits on oil imports or gasoline prices. This means that while Americans are forced to pay more for