U.S. senators reintroduced a bipartisan bill on Tuesday that would allow nationwide sales of gasoline with a higher blend of ethanol year-round, as a second heavy-weight oil trade group appeared ready to back the idea.
Republican Senator Deb Fischer from Nebraska and Democratic Senator Amy Klobuchar from Minnesota - both major corn-producing states - argue that the expanded sales of E15, or fuel containing 15% ethanol, would decrease gasoline prices and reduce U.S. dependence on foreign oil. Year-round sales of E15 have been long sought by the biofuel industry and corn farmers, who would benefit from the increased market.
The American Petroleum Institute , one of the largest U.S. oil trade groups, has supported the bill since it was introduced last autumn. It began cooperating with the Renewable Fuels Association, a biofuels trade group, on expanded nationwide E15 sales after governors from major corn-producing Midwestern states requested the U.S. Environmental Protection Agency lift restrictions on E15 in their states, Reuters previously reported.
On Tuesday, another top U.S. oil group, the American Fuel and Petrochemical Manufacturers , signaled it could support a national standard.
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