Texas Governor Rick Perry ignored a study he requested from Texas A&M and has asked the EPA for a partial waiver of the Renewable Fuels Standard.Needless to say, corn producers are not thrilled with his view and the fact that he chose to ignore his own research. Here's a line from NCGA's news release on the subject:
“If granted, the waiver request made by Gov. Perry today will hurt—not help—U.S. consumers by increasing fuel costs and sending a signal to farmers to plant less grain,” said NCGA President Ron Litterer. “A waiver from the RFS would undoubtedly result in higher gasoline prices and it seems very improbable that grain prices or food prices would be reduced."
We should also point out that a study released this week by the Center for Agriculture and Rural Development at Iowa State University found that the growth in ethanol production has caused retail gasoline prices to be 29 and 40 cents per gallon lower than would otherwise have been the case.
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