04/12/2022

Biden to Allow Higher-ethanol Fuel Sales in Summer to Check Gas Prices

The move will allow Americans to keep buying E15 from June 1 to Sept. 15

President Joe Biden will unveil plans on Tuesday to extend the availability of higher biofuels-blended gasoline during summer to curb soaring fuel costs and to cut reliance on foreign energy sources, senior administration officials said.

The move will allow Americans to keep buying E15, a gasoline that uses a 15 percent ethanol blend, from June 1 to Sept. 15. While E15 is only 10 cents cheaper on average and is less "energy dense," meaning drivers would need to buy more fuel, it should still help lower fuel expenses, they told reporters on a call previewing the announcement.

"Those savings can add up, especially during the summer months, when fuel is elevated and as the supply emergency caused by [Russian President Vladimir] Putin's aggression continues," a senior administration official said.

Please select this link to read the complete article from Reuters.