Bio-Fuel Demand Continues to Increase. EPA Boosts Amount Of Bio-fuels Required To Be Blended In US Gasoline Supply.
On Monday, The Environmental Protection Agency issued a final rule designed to increase the amount of Bio-fuels to be blended with gasoline through 2016. The agency mandated the use of 18 billion gallons of renewable fuels in 2016. The Renewable Fuel Law reduces dependence in foreign oil and bolsters rural economies by requiring a steady increase in the overall amount of renewable bio-fuels used. The Agency also said that demand for gasoline has increased this year, increasing the amount of bio-fuels to be blended.
In addition, The U.S. Department of Agriculture USDA is also funding (US $ 100 million) the infrastructure to install E15 blending pumps at gas stations nationwide. Blending bio-fuels from 10% to 15% with gasoline will further increase demanded volumes beyond EPA requirements.
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