Analysis confirms Senate-passed fuels agreement will reduce gasoline costs

By | September 01, 2002
A new study of the comprehensive fuels agreement pending before the U.S. House-Senate energy bill conference committee confirmed that enacting the agreement will reduce costs compared with maintaining current law, according to the Renewable Fuels Association. The analysis released by the American Petroleum Institute found that enacting the fuels agreement will reduce refiner costs by two cents per gallon compared to current law. The fuels agreement would provide for a uniform, federal phase down of MTBE, eliminate the oxygenate standard, protect clean air gains, and establish a renewable fuels standard (RFS)