EPA's Decision to Increase 2013 Biomass Diesel Volumes Will Cost Consumers Billions

Sep 14, 2012, 15:43 ET from American Fuel & Petrochemical Manufacturers

WASHINGTON, Sept. 14, 2012 /PRNewswire-USNewswire/ -- Statement by American Fuel & Petrochemical Manufacturers (AFPM) President Charles T. Drevna on the Environmental Protection Agency's (EPA) decision today to increase bio-based diesel volumes to 1.28 billion gallons in 2012:

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"EPA's decision to increase the biomass diesel volumes is wholly discretionary and irresponsible. It only serves to increase our nation's fuel bill. Given the exorbitant cost of biodiesel, its poor performance qualities, significant fraud in the biodiesel industry, and the drought facing our nation's farmers and ranchers, this is a bad decision at the wrong time.

"AFPM submitted comments and met with the U.S. Office of Management and Budget to outline the problems associated with increasing the amount of biodiesel beyond the statutory minimum of one billion gallons. Today's decision will force consumers to pay almost $500 million more next year for diesel fuel and is yet another example of the Obama administration putting politics ahead of American consumers."

AFPM, the American Fuel & Petrochemical Manufacturers (formerly known as NPRA, the National Petrochemical & Refiners Association) is a trade association representing high-tech American manufacturers of virtually the entire U.S. supply of gasoline, diesel, jet fuel, other fuels and home heating oil, as well as the petrochemicals used as building blocks for thousands of vital products in daily life. AFPM members make modern life possible and keep America moving and growing as they meet the needs of our nation and local communities, strengthen economic and national security, and support 2 million American jobs.

SOURCE American Fuel & Petrochemical Manufacturers