The U.S. Environmental Protection Agency has announced it will not issue a final 2014 Renewable Fuel Standard (RFS) until next year, missing its deadline by more than a year.  According to statute, EPA is supposed to finalize each year's RFS rule by the previous November.

"Instead of providing the market some clarity by adhering to the statutory deadlines, EPA waited to see if the consumption of gasoline would go up this year as a tactic to inflate ethanol production," said NCC President Mike Brown.