Ethanol Falls as EPA Considers Scaling Back U.S. Mandate
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Ethanol fell for the first time in five days after the U.S. Environmental Protection Agency said it may scale back requirements on its use. Renewable Identification Numbers, or RINs, sank to the lowest since February.
The biofuel tumbled 0.6 percent. A proposal from the EPA would cut the mandate to 15.21 billion gallons for renewable fuels in 2014 from 18.15 billion established by a 2007 law, according to an internal document provided to Bloomberg.