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CBO report on RFS criticized

A new analysis by the Congressional Budget Office on the Renewable Fuels Standard says gasoline will go up 9 percent in cost and diesel fuel will rise by as much as 14-percent by 2017 if Congress does not repeal the RFS.

The Advanced Ethanol Coalition says the CBO report is not worth reading. The coalition released a statement saying “you cannot assess the impacts of the RFS without looking at the benefits of reducing consumer demand for gasoline and diesel fuel.”