TELL PRESIDENT BIDEN AND CONGRESS: LOWER GAS PRICES AND SAVE UNION JOBS BY FIXING THE RFS
For years now, the Renewable Fuel Standard (RFS) has been contributing to higher gas prices, undermining American energy security, and putting countless domestic refining jobs at risk. More recently, the excessively high and unstable cost of the program’s compliance credits, known as Renewable Identification Numbers (RINs), have threatened the survival of our nation’s independent refineries, while causing more pain at the pump for consumers.
With gas prices reaching record highs in many parts of the country, RIN prices are adding a whopping $7/barrel to the cost of producing gasoline and diesel fuel. One industry expert even testified before the U.S. Senate Environment and Public Works Committee, earlier this year, that this dysfunctional regulatory program is forcing consumers to pay up to 30 cents extra a gallon at the pump.
Meanwhile, independent refiners – who employ thousands of hardworking union workers – are spending more on rins than nearly all other operational costs combined.
If these refineries are forced to close due to unsustainable RIN costs, America will become even more dependent on foreign refiners for our fuel supply. In addition, countless high-quality jobs will be eliminated – many held by union members. Unfortunately, the Environmental Protection Agency’s recently proposed updates to the RFS only exacerbate this situation, by causing the price of RINs to escalate even further.
Take action below by asking your members of Congress to work with President Biden and EPA to fix the Renewable Fuel Standard.
