The Renewable Fuel Standard (RFS) is an economy-distorting policy that has had severe unintended consequences, including higher fuel prices and decreased fuel efficiency. Rather than meddling in the transportation fuel industry, the federal government should trust the free market to choose and invest in the best fuels for American consumers.
The RFS has yielded real results for American farmers, rural areas, and the American biodiesel industry. Encouraging biodiesel use has led to cleaner-burning cars, buses, and more. Repealing the RFS would serve to appease a minority of refiners’ interests at a cost to the renewable fuel industry’s overall future.