American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson issued the following statement today on the Environmental Protection Agency’s (EPA’s) announcement of a record-breaking final Renewable Fuel Standard (RFS) rule covering years 2026 and 2027:
“It’s baffling, with fuel prices already rising due to the conflict in Iran, that EPA is finalising a rule that will make things far worse for consumers. The RFS already costs nearly US¢25/gal., and today’s rule will undoubtedly add tens of billions more. This is not what energy dominance looks like.”
The 2026 - 2027 RFS Renewable Volume Obligations (RVOs) finalised by EPA are the largest in history and the mandate is projected to be the most expensive. RFS compliance costs hit all-time records this week, nearing US¢25/gal. of gasoline and diesel fuel produced in the US.