The Renewable Fuels Association (RFA) has released a new study that shows the Renewable Fuel Standard saves drivers money at the gas pump every day and also enhances energy security by greatly reducing or even eliminating the blow to our nation’s drivers when global oil production is disrupted.
The analysis, by independent economist and energy expert Dr. Philip K. Verleger, Jr., looks at oil market disruptions over nearly 50 years and provides an example in which the availability of ethanol avoids a significant impact to U.S. gasoline prices from a supply disruption like we have seen with the attacks on Saudi oilfields..
In this Ethanol Report interview, RFA’s Chief economist Scott Richman talks about this timely study’s findings.
Ethanol Report 9-19-19