The RFS is one of the most successful energy policies ever. Since it was enacted in 2005, U.S. dependence on imported oil has decreased from 60% to 40% largely because of biofuels. American biofuels are good for our economic security, too. The American ethanol industry supports some 365,000 jobs in 29 states, especially in rural communities. In 2012, the industry contributed $43.4 billion to the gross domestic product, $30.2 billion to household incomes, and $8billion in federal, state and local taxes.
Because ethanol burns cleaner than gasoline, it reduces greenhouse gas emissions by 34% to 59%. Because ethanol costs less than gasoline, it saves motorists more than $1,200 per year.
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