Trump administration waives summer gasoline regulations to ease fuel prices


The Trump administration will temporarily lift summer gasoline regulations as prices at the pump near $4 a gallon amid the Iran war. 

The emergency fuel waiver allows refiners and retailers to sell E15 gasoline, which is blended with 15% ethanol, over the summer, the U.S. Environmental Protection Agency (EPA) announced Wednesday. 

Restrictions on selling E10 gasoline, which contains 10% ethanol, will also be temporarily lifted, according to the agency. Normally, federal rules require a switch to more costly summer blends from June 1 through Sept. 15 because gas with higher ethanol content can evaporate more easily in hot weather, contributing to air pollution. 

The waivers take effect on May 1 and will be in place through May 20. 

“EPA is working with our federal partners to reduce unnecessary costs and uncertainty and ensure that gas prices remain affordable for all Americans through the summer,” EPA Administrator Lee Zeldin said in a statement. “This emergency action will provide American families with relief by increasing fuel supply and consumer choice.”

The waiver marks the White House’s latest effort to curb rising gas prices stemming from the war in Iran, which has effectively closed the critical Strait of Hormuz and cut off global oil supplies, driving up energy prices. 

The Trump administration has taken other steps to try to tame prices by boosting supply, including ordering the release of 173 million barrels of oil from the Strategic Petroleum Reserve, waiving the Jones Act to allow foreign ships to move fuel between U.S. ports, lifting Russian oil sanctions and other measures.

Last week, the International Energy Agency, an intergovernmental organization, called on governments, businesses and consumers to reduce their energy consumption by driving less and taking other steps to ease demand. 

The EPA said it will monitor fuel supplies and is prepared to extend the emergency fuel waivers “as long as the fuel supply circumstances warrant such action.”



Source link

  • Related Posts

    Flash flooding and destructive storms slam Midwest like a "horror movie"

    In southern Indiana, torrential rain triggered severe flash flooding Tuesday, swallowing streets and damaging homes. Meanwhile in central Michigan, a tornado with winds up to 90 mph damaged dozens of…

    The Knicks Are Hogging the Spotlight. Spurs Fans Aren’t Impressed.

    Standing on an empty basketball court in the heart of San Antonio’s historic Mexican American neighborhood, Angel Lopez relived the nail-biting moments that led to the Spurs’ first victory in…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    The Aircraft Replacing The Iconic Boeing 747 Freighter

    The Aircraft Replacing The Iconic Boeing 747 Freighter

    Flash flooding and destructive storms slam Midwest like a "horror movie"

    Flash flooding and destructive storms slam Midwest like a "horror movie"

    The Download: the “steroid olympics” and a safer Mythos

    The Download: the “steroid olympics” and a safer Mythos

    Watching the World Cup in Vancouver may not come cheap

    Watching the World Cup in Vancouver may not come cheap

    U.S. inflation hits 3-year high with gas prices climbing amid Iran war – National

    U.S. inflation hits 3-year high with gas prices climbing amid Iran war – National

    Pope Leo to bless Barcelona’s towering architectural masterpiece

    Pope Leo to bless Barcelona’s towering architectural masterpiece