By Robert L. Bradley Jr.
The nation’s oil and gas boom continues to pay off for most Americans. The motor club AAA reports that gasoline prices have hit a four-year low. And according to many analysts, prices are likely to keep falling. That’s the good news.
The bad news is the Environmental Protection Agency (EPA)’s mandate to add ethanol to gasoline. The Renewable Fuel Standard (RFS) is intended to cut greenhouse gas emissions; in reality, this quota harms the environment by doing just the opposite. And by continuing to enforce the RFS, government officials are needlessly driving up prices for food and gasoline.
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