WASHINGTON — A push from Congress and the White House for huge increases in biofuels, such as ethanol, is prompting the oil industry to scale back its plans to expand refineries. That could keep gasoline prices high, possibly for years to come.
With President Bush calling for a 20 percent reduction in gasoline use and the Senate debating legislation for increases in ethanol production, oil companies say they see growing uncertainty about future gasoline demand and little need to build or expand refineries.
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