WASHINGTON, D.C. — American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson issued the following statement on the inauguration of the 47th President of the United States and the opportunity to advance policies that deliver for American energy manufacturers and consumers:
Pay close attention as we continue diving into Renewable Fuel Standard (RFS) costs, because $770 per gallon is what the Environmental Protection Agency (EPA) is considering having you pay next year for every extra gallon of corn ethanol that might get blended BECAUSE of the RFS.
EPA’s RFS reallocation proposal could raise Americans’ 2026-2027 RFS bill to $150 billion, but if soybean oil prices jump significantly, total costs could reach $190 billion.
