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Biden abandons ethanol rules to lower gasoline prices

Washington (AP)

President Joe Biden visited corn-rich Iowa on Tuesday, suspended federal rules and announced that he would allow the sale of high-ethanol gasoline this summer, soaring during the Russian war in Ukraine. I’m trying to lower the price of the pump I’ve done.

Most gasoline sold in the United States is mixed with 10% ethanol. The Environmental Protection Agency issues an emergency exemption permitting the widespread sale of 15% ethanol mixtures, which is normally banned from June 1st to September 15th, due to concerns about increasing smog at high temperatures.

Biden administration officials said the action would save drivers an average of 10 cents per gallon, but only 2,300 gas stations. According to industry groups, these stations are located primarily in the Midwest and South, including Texas.

Biden will be announced on Tuesday afternoon.See the announcement by Click the link Or with the player below.

Biden is facing rising political pressure on inflation, and new data on Tuesday show prices are rising at the fastest pace in over 40 years, in part due in part to rising energy costs during the war between Russia and Ukraine. Showed that you are doing. According to the Ministry of Labor, the consumer price index in March rose 8.5% from 12 months ago, the largest year-on-year increase since December 1981.

Gas prices accounted for more than half of Monthly Shonen Jump, and food and housing costs also rose in a way that weighed on families. Inflation began to accelerate in the midst of strong employment after Biden’s $ 1.9 trillion coronavirus rescue package passed last year. This is a challenge for US consumers as Russia’s invasion of Ukraine has amplified.

Government officials said the EPA has determined that “urgent” measures to increase sales of E15 gasoline in the summer are unlikely to have a significant impact on air quality. Some environmentalists have long argued that increasing the amount of ethanol in gasoline increases pollution, especially during the warmer months of summer.

Biden has announced a move at a biofuel company in Menlo, west of Des Moines. Iowa is the country’s largest producer of corn, which is the key to ethanol production.

Government officials said the EPA has determined that “urgent” measures to increase sales of E15 gasoline in the summer are unlikely to have a significant impact on air quality. Some environmentalists have long argued that increasing the amount of ethanol in gasoline increases pollution, especially during the warmer months of summer.

Biden has announced a move at a biofuel company in Menlo, west of Des Moines. Iowa is the country’s largest producer of corn, which is the key to ethanol production.

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Biden abandons ethanol rules to lower gasoline prices

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