The Renewable Fuels Association (RFA) sent a letter to President Biden last week supporting the Administration’s call for an investigation into the true causes of recent higher gas prices. The letter also underscored that the solution to higher pump prices is not more oil from OPEC+, but rather increased production and use of home-grown fuels such as ethanol.
“Rather than hoping Iraq, Iran, Venezuela and other OPEC+ countries will provide the cure to escalating gas prices in the United States, we urge your administration to pursue a real and immediate solution to higher pump prices—increased production and use of low-carbon renewable fuels like ethanol,” said RFA President and CEO Geoff Cooper. “Using more domestically produced ethanol would not only result in lower fuel prices for consumers, but it would also support your goals related to clean energy, climate change, and jobs.”
In the letter, RFA encourages the Biden Administration to finalize already delayed Renewable Volume Obligations (RVOs) for 2021 and 2022, take action to ensure consumers have year-round access to E15, and work with Congress to ensure upcoming legislation includes incentives to increase FFV production and expanded infrastructure for higher ethanol blends like E15 and E85.