Associated Press: The Obama administration proposed Friday to reduce the amount of ethanol in the nations fuel supply for the first time, acknowledging that the biofuel law championed by both parties in 2007 is not working as well as expected.
While the proposal highlights the governments struggle to ramp up production of homegrown biofuels that burn cleaner than gasoline, it is unlikely to mean much for consumers at the pump.
The change would reduce by almost 3 billion gallons the amounts of ethanol and other...