API’s newest hit against the RFS says policy could cause “severe economic harm”

In Washington, the American Petroleum Institute commissioned a study by NERA Economic Consulting that shows that following the blending mandate planned for the RFS2 would require 30% more RINs produced in 2014 than there actually was, requiring up to $100 more per gallon for gasoline and diesel than currently in 2015. It argues that the increased fuel costs would have negative ripple effects throughout the economy and cause “severe economic harm.” The study was developed using NERA’s proprietary modeling.