"Environmental regulators are likely to unveil rules on Friday dictating how much ethanol and other renewable fuels must be blended into the U.S. gasoline supply in 2014, following weeks of lobbying by the oil and biofuels industries, industry sources who have been briefed on the process said on Thursday."
"Environmental Protection Agency (EPA) Administrator Gina McCarthy testified before a House panel on Thursday that the proposed Renewable Fuel Standard (RFS) for 2014 was 'soon to be proposed.'
Some industry sources briefed by the agency said were told they would see the proposal as soon as Friday.
Rumors have circulated, based on a leaked draft of the EPA's proposals, that the agency will require less corn-based ethanol to be blended into U.S. gasoline in 2014 than the 14.4 billion gallons now required by law, and less than the 13.8 billion mandated for this year. Gasoline producers had pushed for a lower ethanol requirement, while ethanol makers and farmers had pushed to maintain current levels."