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U.S. Scales Back Ethanol Quotas for Gasoline
The Wall Street Journal (online registration required): WASHINGTON—The Environmental Protection Agency Monday issued final regulations that ease the annual requirements for ethanol in gasoline, a response to market restraints and other conditions that are preventing the Obama administration from meeting goals laid out in a 2007 law.
That law compelled refiners to blend an increasing amount of biofuels into the U.S. gasoline supply each year. While the 2007 law set out goals for ethanol use, the EPA was charged with mandating the quotas on a year-by-year basis.
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