WASHINGTON (Reuters) - The U.S. Environmental Protection Agency said on Tuesday that it will soon have a decision on whether to waive the mandate that requires blending billions of gallons of corn-based ethanol into the national gas supply each year.
"EPA is completing its review and analysis of the RFS waiver requests and the agency plans to reach a decision shortly," an agency spokeswoman said, referring to the ethanol mandate or Renewable Fuel Standards.
Aimed at reducing U.S. reliance on foreign oil, the RFS requires 13.2 billion gallons of ethanol to be made from corn this year.
