Grassley Calls For Consumer Protection After New Oil Report

By: WOWT 6 News Email
By: WOWT 6 News Email

U.S. Senators Chuck Grassley (R-IA) and Amy Klobuchar (D-MN) said today that a new report on anti-competitive practices by oil companies to block biofuels underscores the need for action to protect consumers.

The report from the Renewable Fuels Association (RFA) found that unbranded or independent stations are roughly four to six times more likely to offer E85 and 40 times more likely to offer E15 than stations carrying a “Big Five” oil brand.

Klobuchar and Grassley have called on the Federal Trade Commission to evaluate concerns that oil companies may be engaging in anti-competitive practices. Klobuchar is the chair of the Antitrust Subcommittee and Grassley is the ranking member of the Judiciary Committee.

The report’s “Consumer Choice Report Card” shows less than one percent of branded stations offer E15 or E85. Of nearly 48,000 retail gas stations carrying a “Big Five” oil company brand, less than 300 offer E85 or E15.

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