Clean Fuels Outlines Industry’s Beneficial Impact on Fuel Prices
Last week, Clean Fuels Alliance America touted the benefits of biodiesel when it comes to the price at the pump to President Joe Biden and leaders in Congress.
In a letter to the president and lawmakers, the organization says U.S. biodiesel and renewable diesel producers are working to extend fuel supplies and provide relief at the pump to American families. The letter expresses appreciation for the administration’s recent actions to grow Renewable Fuel Standard volumes for advanced biofuels and biomass-based diesel and provide additional infrastructure grants to improve consumer access to biodiesel.
The letter states, “Our partners in the agriculture industry are investing more than $4 billion to expand the supply of renewable oils for both food and clean fuels.” The letter further highlights a recent study from the World Agricultural Economic and Environmental Service showing that U.S. biodiesel and renewable diesel production generates a four percent decrease in the price of diesel fuel.
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