A report from Reuters citing industry sources says the Environmental Protection Agency (EPA) will partially backtrack on drastic cuts to the Renewable Fuel Standard (RFS) it proposed in November.
The original RFS reduction proposal would have cut the target for the amount of ethanol blended into gasoline from 14.4 billion gallons to 13 billion gallons in 2014. The Reuters report says that the final number will likely be 13.6 billion.
From the Reuters story:
The EPA shocked biofuel supporters in November with a draft rule that slashed federal requirements for biofuel use in gasoline and diesel.