Impact of RFS on U.S. Gross Domestic Product

Billion dollars

Bar chart with 3 groups with 2 items per group.

Group 1, Tax credits retained.
Item 1, Oil price $80/bbl -5.8.
Item 2, Oil price $101/bbl -3.9.
Group 2, 50 percent reduction in tax credits.
Item 1, Oil price $80/bbl -0.7.
Item 2, Oil price $101/bbl 1.2.
Group 3, Eliminate tax credits.
Item 1, Oil price $80/bbl 3.9.
Item 2, Oil price $101/bbl 5.9.

50 percent reduction in tax credits
Eliminate tax credits
Tax credits retained
Source: USDA, Economic Research Service USAGE model simulation.