The U.S. Environmental Protection Agency said it has sent a draft of its proposed rule allowing year-round sales of higher ethanol blends of gasoline to the White House Office of Budget for review, reportReuters.
The rule expanding sales of so-called E15 was promised by President Donald Trump late last year as a way to help corn farmers, but includes measures sought by the oil industry to curb biofuel credit market speculation.
The proposed rule was at the forefront of a brief interagency disagreement last week when Secretary of Agriculture Sonny Perdue said the EPA was not going to be able to finalize the rule on time. He walked back from his comments in a few hours, after speaking with EPA Administrator Andrew Wheeler.
