The American Petroleum Institute is concerned about the future of the Renewable Fuel Standard, a federal program requiring transportation fuel sold in the United States to contain a minimum volume of renewable fuels that was enacted in 2005. The API says the standard creates an unnecessary burden on the American consumer, and wants to see the federal government revisit the issue.
Frank Macchiarola with the American Petroleum Institute appeared as a guest on the Newstalk WTIM Morning Show to discuss the Renewable Fuels Standard, and said the standard could have potential costs impacts to consumers at the gas station. The API would like to see policy makers in Washington re-visit the Renewable Fuels Standard.
Macchiarola pointed out that several other industries are concerned about the future of the Renewable Fuels Standard, such as various groups in the agriculture industry.
Macchiarola did say that generally the agriculture industry has been a supporter of the Renewable Fuels Standard, and that he would like to see more discussion within the ag community about the possible pros and cons of the mandate.