US Fuel Groups Warn of Higher Prices Without Credit Guidance (1)

Three dozen trade groups across the energy, farming and transport sectors say a lack of US government guidance on tax credits is putting Americans at risk of higher fuel prices.

The current US Congress, whose session expires in early January, should do a short-term extension of various energy-related credits set to expire next month, including a $1 a gallon biodiesel tax incentive that’s been in place since 2005, the groups said in a letter to lawmakers. Such a so-called bridge measure is needed to ensure market stability as companies including airlines wait for details on how new credits set to ...