Gasoline costs are the very best they’ve been in seven years and inflation is at a 30-year excessive, a double hit to American households. The Biden administration has aggravated the scenario with new regulatory necessities on oil and fuel producers in addition to limits on home oil and fuel exploration. However coverage inaction additionally prices Individuals on the pump. Contemplate the Biden administration’s failure to make choices on the Renewable Fuels Customary.
Underneath the RFS, the Environmental Safety Company, in session with the Division of Power, units the annual volumes of renewable gas, corresponding to ethanol and biodiesel, to be blended into the nation’s gas provide. Congress set the final RFS parameters into legislation in 2007, however the particular annual quantity targets should be set by regulation for every coming yr earlier than that yr begins.