EPA's renewable fuel quota may rise as gasoline sales climb

U.S. renewable fuel quotas may end up higher than a proposal issued last year because gasoline use is climbing, the Environmental Protection Agency’s chief said. Administrator Gina McCarthy told an investors’ conference in New York that the quotas, which are months overdue, will be released soon. She declined to discuss any specific figures, while laying out the rationale for a modest increase. Tim Cheung, a research analyst at ClearView Energy Partners in Washington, predicted the EPA will require 13.6 billion gallons of ethanol be blended into gasoline for vehicles — about 600 million gallons more than the agency proposed. Read more at Bloomberg News…