Biden Allows Sale of Higher-Ethanol Gas in Bid to Tame Costs
- Analysts say policy shift could spur ‘slight’ gasoline savings
- Trump-era rule allowing year-round E15 sales rejected by court
A distributor delivers fuel to a gas station in Hercules, California, U.S.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
President Joe Biden will allow expanded sales of higher-ethanol gasoline this summer in an effort to lower fuel prices and counter the political blowback from them.
Biden is set to unveil his plan during a Tuesday visit to a Poet LLC ethanol mill in Iowa -- the top U.S. corn state. Under an emergency fuel waiver, the Environmental Protection Agency will temporarily exempt E15 gasoline from anti-pollution restrictions that effectively block warm-weather sales of the fuel in areas where smog is a problem.