Yahoo Finance ^ | 8/12/13 | Rick Newman
Posted on Tuesday, August 13, 2013 8:05:06 AM by SoFloFreeper
No politician would run for office by calling for higher gasoline prices. Yet policymakers in Washington may be on the verge of causing some pain at the pump for consumers….
Fixing the problem requires bipartisan Congressional action, the very thing that seems most scarce in Washington these days….
The Environmental Protection Agency, which administers the ethanol rules, recently provided some temporary relief by scaling back the 2013 ethanol target and signaling new flexibility on the 2014 target, which hasn’t been set yet. But it’s not clear the EPA can legally change the target on its own, without Congressional approval….
(Excerpt) Read more at finance.yahoo.com …