Watching Government: Fixing ethanol mandate's flaws

Benefits of the ethanol mandate in the federal Renewable Fuels Standard are exaggerated, and have begun to make transportation fuels and food substantially more expensive, the Energy Policy Research Institute (EPRINC) said. "These costs are likely to grow as the percentage of ethanol in the gasoline pool exceeds 10%," EPRINC indicated in a Sept. 14 report. EPRINC, which calculated that this would occur in 2014, said falling gasoline consumption and refiners using more renewable identification numbers could make it arrive next year. The conclusion was timely since the US Environmental Protection Agency raised the 2013 biodiesel minimum in US fuel markets to 1.28 billion gal the s...

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