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Biofuels Don’t Lower Gas Price or Emissions, Report Finds

June 5, 2019, 7:51 PM

A federal program requiring the use of corn-based ethanol and biodiesel in gasoline supplies hasn’t lowered pump prices or significantly reduced greenhouse gas emissions, according to the U.S. Government Accountability Office.

Gasoline prices outside of the corn-rich Midwest likely rose by a few pennies a gallon at the pump because of the Renewable Fuel Standard, while falling slightly in areas with ethanol plants, the GAO said in a report posted online Monday. The pump price effects likely diminished over time. Refiners benefited from installing equipment for the fuel-blending requirement “that, over time, reduced refining costs for gasoline,” according to the ...

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