RFA responds to Texas' RFS waiver request
July 8, 2008
In late June the RFA submitted comments to the U.S. EPA regarding Texas' request for a waiver of 50 percent of the Clean Air Act's renewable fuels standard. The RFA said the waiver request is incomplete, legally insufficient and factually misdirected.
The Texas request also doesn't show severe harm to the economy of Texas. In fact, it is projected that a 50 percent reduction in the RFS would increase gasoline prices by more than 31 percent from the $3.997 per gallon price Texans paid at press time. The resulting $1.24 per gallon increase in gasoline prices, if the requested waiver is granted, could cause Texans to pay an additional $15.7 billion for gasoline, the RFA said.
Also, even if the RFS were reduced by 50 percent, it would not reduce corn prices in any meaningful way, which the Texas request proposed it would.
The Texas request also doesn't show severe harm to the economy of Texas. In fact, it is projected that a 50 percent reduction in the RFS would increase gasoline prices by more than 31 percent from the $3.997 per gallon price Texans paid at press time. The resulting $1.24 per gallon increase in gasoline prices, if the requested waiver is granted, could cause Texans to pay an additional $15.7 billion for gasoline, the RFA said.
Also, even if the RFS were reduced by 50 percent, it would not reduce corn prices in any meaningful way, which the Texas request proposed it would.
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