Gasoline with higher blends of ethanol could be sold year-round in eight Midwestern states beginning in 2024 under a rule proposed Wednesday by the Environmental Protection Agency.

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President Joe Biden said Tuesday his administration will suspend a federal rule that bars higher levels of ethanol in gasoline during the summer. The move, which Biden announced during a visit to Iowa, is intended to tamp down prices at the pump that have spiked during Russia's war with Ukraine. Iowa is a key producer of the corn-based fuel additive.

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Twelve years ago the United States began a program to support the production of biofuels. The goals were to decrease dependence on foreign oil, create renewable sources of energy, combat global climate change and boost rural economies.

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The Obama administration has failed to study as legally required the impact of requiring ethanol in gasoline and ensuring that new regulations intended to address one problem do not actually make other problems worse, the Environmental Protection Agency inspector general said Thursday.

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The Obama administration on Friday proposed to reduce the amount of ethanol in the nation's fuel supply for the first time, acknowledging that the biofuel law championed by both parties in 2007 is not working as well as expected.

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Robert Malsam nearly went broke in the 1980s when corn was cheap. Now that he finally can make a profit, he's not about to apologize for ripping up prairie land to plant corn.

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Small engine maker Briggs & Stratton Co. has introduced a fuel additive that it says will help prevent problems in gasoline engines using ethanol.

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Renewable energy is growing fast around the world and will edge out natural gas as the second biggest source of electricity, after coal, by 2016, according to a five-year outlook published Wednesday by the International Energy Agency.

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After decades of talk, the ethanol industry is building multimillion dollar refineries in several states that will use corn plant residue, wood scraps and even garbage to produce the fuel additive.

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Energy and building products company Headwaters Inc. said Wednesday it sold its 51 percent stake in an Underwood, N.D., ethanol biorefinery to Great River Energy for $18.5 million in cash.

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