API Breaks With Biofuels Groups To Oppose Year-Round E15 Authorization

Breaking an alliance with biofuels groups, the American Petroleum Institute (API) is dropping its support for draft bipartisan legislation that would authorize 15 percent ethanol fuel (E15) for effective year-round sales when it is otherwise barred by federal rules in the summer, following a reversal on the issue by several states. “Over the past eight months, legislative, regulatory, and market developments have created a substantially different operating environment for refiners and fuel suppliers. These changes have led API to reassess...