Replacement and Alternative Fuels Act of 1991

[AI summary unavailable — showing source text] Replacement and Alternative Fuels Act of 1991 - Requires the Secretary of Energy (the Secretary) to establish a program to: (1) promote the development and use of domestic-produced replacement and alternative fuels to replace conventional petroleum motor fuels; and (2) ensure the availability of those replacement and alternative motor fuels which will have the greatest impact in improving air quality. Prescribes development plan and production goals. Sets a timetable by which the Secretary must prescribe the minimum percentage of domestic-produced replacement and alternative fuels on an energy equivalent basis to be sold in specified calendar years by any refiner for use as a motor fuel. Prescribes minimum percentages of domestically produced replacement fuel to be sold in specified calendar years, if such requirements appear feasible based on a required updated review. Requires the Secretary to promulgate regulations for the exchange of marketable credits among: (1) refiners; (2) persons who first sell alternative motor fuels into interstate commerce for transportation purposes; and (3) manufacturers of electricity-powered vehicles. (Provides for a three-year exemption from, and f…