U.S. refineries would need to purchase about 14 million gallons of cellulosic biofuel in 2013 under a new proposal unveiled by the Environmental Protection Agency. The move comes after a federal appeals court struck down the EPA's mandate for such purchases. "This stealth tax on gasoline might be the most egregious example of bad public policy, and consumers could be left to pay the price. EPA needs a serious reality check," Bob Greco, the American Petroleum Institute's downstream group director, said in response.

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