Wed Sep 9, 2015 12:59 PM CDT

NEW YORK (DTN) -- The American Petroleum Institute on Wednesday, Sept. 9, urged the U.S. Environmental Protection Agency to keep the blend ratio of ethanol in gasoline below 10% when mandating renewable demand, and to reject calls by ethanol supporters to expand the use of ethanol since the biofuels policy is likely to end up reducing domestic supply of gasoline and diesel fuels while raising fuel prices and wrecking the economy of the United States.

Citing a study by NERA Economic Consulting, Bob Greco, API's head of downstream group, said the statutory biofuel mandates under the Renewable Fuel Standard, a ...

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