RFA calls on CARB to quickly finalize E15 as California gas tops $6
In California, the Renewable Fuels Association urges the California Air Resources Board to quickly finalize proposed regulations allowing the sale of lower-cost E15. In comments submitted to CARB, RFA noted that cleaner-burning E15 could save the state’s drivers billions of dollars in fuel purchases. CARB will hold a hearing and vote next week on the adoption of the E15 regulation.
AAA reports the average price of gasoline in California at above $6 per gallon. RFA’s comments noted that analysis by economists at the University of California, Berkeley and the U.S. Naval Academy estimated that E15 could reduce gasoline prices for California consumers by approximately 20 cents per gallon, resulting in approximately $2.7 billion in annual consumer savings. More recently, analysis by an independent petroleum refining expert found E15’s national average cost benefits have averaged 57 cents per gallon since the beginning of the Iran conflict.
Category: Policy
