“Adding more homegrown fuels to the nation’s fuels will lower diesel prices. So, the President is going all over the world talking to tyrants and dictators begging for more oil when we’ve got renewable fuel growth right here in Midwestern America. That’s why the letter asks the EPA to get RFS back on track and issue timely rules so that our country can take advantage of these clean burning fuels and give the biofuels industry more certainty,” says Grassley.
Grassley says he could see the U.S. falling into a shallow recession, and he predicts a long, slow decline in fuel costs unless there is a change in policies from this Administration that could spur a faster price drop.