API supports renewed bipartisan action to protect U.S. consumers from the broken Renewable Fuel Standard
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WASHINGTON, May 8, 2019 – Today, the American Petroleum Institute praised the leadership of U.S. Representatives Peter Welch (D-VT) and Bill Flores (R-TX) for reintroducing the Food and Fuel Consumer Protection Act. The bill would cap the fuel ethanol volumes to match current market realities protecting consumers from the failed ethanol mandate under the Renewable Fuel Standard.
“We applaud this bipartisan leadership in Congress recognizing the negative consequences that higher ethanol mandates could have on consumers, including unexpected auto repair bills and potential harm to our nation’s economy,” said API Vice President of Downstream and Industry Operations Frank Macchiarola. “This legislation seeks to prevent hitting the ethanol blend wall, the point as which more ethanol is blended into the nation’s fuel supply than can be absorbed as E10 gasoline. Most vehicles on the road today are not designed to use fuel blends that contain more than 10 percent ethanol.
“The administration’s willingness to raise ethanol volumes puts politics ahead of sound policy and consumer protection. API strongly supports the Welch-Flores RFS reform bill, and we continue to call for lawmakers to act.”
As EPA continues to enforce the broken RFS, API urges the agency to reduce the total ethanol renewable fuels volume requirements for 2020 to below 9.7 percent of gasoline demand to protect consumers and our economy.
API is the only national trade association representing all facets of the natural gas and oil industry, which supports 10.3 million U.S. jobs and nearly 8 percent of the U.S. economy. API’s more than 600 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, marine businesses, and service and supply firms. They provide most of the nation’s energy and are backed by a growing grassroots movement of more than 47 million Americans. API was formed in 1919 as a standards-setting organization. In its first 100 years, API has developed more than 700 standards to enhance operational and environmental safety, efficiency and sustainability.