Sens. Diane Feinstein (D-CA) and Pat Toomey (R-PA) have introduced the “Corn Ethanol Mandate Elimination Act of 2015” which would repeal the renewable fuels standard corn ethanol mandate.
According to Toomey, “The RFS requires fuel suppliers to blend millions of gallons of biofuels – most often corn ethanol – into the nation’s gasoline supplies. It drives up gas prices, increases food costs, damages car engines and is harmful to the environment.”
The Renewable Fuels Association said, the senators “continue to operate under the misguided assumption that the RFS is driving food prices higher. It is not. Corn is less expensive today than when the RFS was passed. As the World Bank recently concluded, most of the contribution to food price changes from 1997-04 and 2005-12 comes from the price of oil.” Similar legislation was introduced last year.
