A shortage of biofuel credits needed for gasoline sales in the U.S. may lead to an increase in exports of the fuel from America in 2014, according to the International Energy Agency.
The U.S. Environmental Protection Agency, or EPA, earlier this month maintained its target requiring 16.55 billion gallons, or 1.1 million barrels a day, of biofuels be blended into the country’s gasoline and diesel supplies this year. This led to concerns as to whether the domestic gasoline market can absorb this volume of biofuel and may have hit the so-called “blend wall,” the IEA said today.
See full Article: http://www.bloomberg.com/news/2013-08-09/biofuel-credit-shortage-to-boost-u-s-gasoline-exports-iea-says.html
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