Congressional Budget Office Says RFS Could Result in $6.00 per Gallon Credits for Advanced Biofuels
by Jim Lane (Biofuels Digest) How does the Congressional Budget Office look at biofuels and the Renewable Fuel Standard?
How does $3.00-$6.00 advanced biofuels RINs? A $0.26 per gallon hike in gasoline prices? A $1.27 drop in the price of E85 per gallon? Sound incredible? Read on…
Just out, the Digest has obtained the powerpoint attached below (and published here, if you care to dig!) which will detail Washington’s struggle over the future of the RFS.
Bottom line, observers continue to see high costs in terms of fuel price increases associated with RFS compliance — costs that are likely to dampen the Administration’s interest in pushing for full compliance from obligated parties.