EPA won't waive ethanol mandate for gasoline

The Environmental Protection Agency has decided to move forward with a mandate for corn ethanol in gasoline, denying requests to suspend the requirement following a drought that drove up corn prices. The EPA said Friday its renewable-fuel standard was not causing economic harm. The agency said it had determined that suspending the standard would reduce corn prices by only 1%. In the midst of a drought this year, livestock producers complained that the mandate for corn ethanol was driving up demand for dwindling supplies of corn...more

Another "after the election" decision.