Chevron Predicts Increased Gasoline Prices due to Ethanol Mandate

| June 12, 2013

In California, Chevron Corporation’s CEO, John Watson, predicts that refiners may increase gasoline exports as a way to circumvent the Renewable Fuels Standard’s (RFS) ethanol mandate, causing gasoline prices to rise. Refiners complain that E15 adds to their costs and can only be used by 5% of U.S. cars, citing a November 2012 AAA automobile club report.

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Category: Policy

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