date:Jul 26, 2012
ve declined because of increased domestic crude oil production, rather than increased ethanol production.
The increases weve seen in commodity prices are strongly associated with the RFS mandate,said Elam.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 food, they are also not seeing lower prices at the pump; its a lose-lose situation.
The report concluded that the RFS should be revised, so that