A ripple effect that raises fuel costs and reduces supplies.
Mandating high-ethanol fuels will hurt our economy by raising the cost of doing business due to market uncertainty, higher delivery and equipment costs. One economic analysis shows that the RFS could lead to a $770 billion drop in the U.S. GDP. The RFS could also hurt gas station owners — many of whom are individual small business owners — incurring thousands of dollars in costs to comply with the RFS. It also hurts refiners, who are forced to blend more biofuel into gasoline and diesel every year.