President Biden will announce an emergency waiver on summer ethanol ban to combat rising gas prices across the country
The President is slated to announce that the Environmental Protection Agency will issue an emergency waiver permitting year-round sales of E15 gasoline, which contains a 15% ethanol blend, on a trip to Menlo, Iowa, where he'll visit POET Bioprocessing, a biofuels plant that specializes in the creation of bioethanol. The sale of E15 gasoline is usually prohibited from June to mid-September because of air quality concerns.
"The move follows Biden's announcement last month of a historic release of oil from US reserves, including 1 million barrels a day from the US Strategic Petroleum Reserve for the next six months as part of a"wartime bridge" to increased oil production as US and global oil efforts ramp back up after the coronavirus pandemic.
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