U.S. gasoline prices could increase further before the summer driving season because of the Environmental Protection Agency's ethanol mandate, two Republican senators said. Under the policy, refiners would be tasked to purchase credits from renewable fuel producers to meet federal biofuel targets. "We ask that you utilize any and all existing regulatory authority and flexibility to address the issue of rising [Renewable Identification Number] costs and alleviate the threat of increased consumer fuel costs," the lawmakers wrote in a letter to Gina McCarthy, the nominee for EPA administrator.

Full Story:

Related Summaries