The Renewable Fuels Association and the Advanced Ethanol Council have written a letter to the leadership of the House subcommittee on Energy and Power underscoring the gas price benefits of increased ethanol production and use and urged action on key issues related to the industry. The letter was authored by RFA President and CEO Bob Dinneen and AEC Executive Director Brooke Coleman.
The leaders wrote, “There are concrete and immediate actions that Congress could take to help reduce America’s exposure to volatile world oil markets and the subsequent spikes in gasoline price. Specifically, Congress should – maintain the integrity of the Renewable Fuel Standard, extend critical expiring tax cuts for cellulosic ethanol production, and invest in an alternative fuel infrastructure by passing the Open Fuel Standard.”
Dinneen and Coleman believe maintaining critical policies like the RFS, extending key tax policies for new fuel commercialization, investing in renewable fuel infrastructure, and passing innovative polices like the OFS are actions that Congress can take this year to provide Americans choice in the fuel they use and help mitigate the damage wrought by the vagaries of oil and gasoline markets.