gas pump 1 AP

Gas prices will increase about $1 per gallon by 2015 and take a $550 billion bite out of Americans’ take-home pay when the Environmental Protection Agency’s (EPA) Renewable Fuel Standard (RFS) increases the ethanol mandate past the 10 percent “blend wall,” according to an October 2012 study by the National Economic Research Associates (NERA) commissioned by the American Petroleum Institute (API) – See more at: