{"id":303683,"date":"2024-02-21T10:43:03","date_gmt":"2024-02-21T09:43:03","guid":{"rendered":"https:\/\/climatescience.press\/?p=303683"},"modified":"2024-02-21T10:44:07","modified_gmt":"2024-02-21T09:44:07","slug":"biden-admin-reportedly-set-to-greenlight-rule-change-that-could-spike-gas-prices-but-not-until-after-the-election","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=303683","title":{"rendered":"Biden Admin Reportedly Set To Greenlight Rule Change That Could Spike Gas Prices \u2014 But Not Until After The Election"},"content":{"rendered":"\n
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From The Daily Caller<\/a><\/p>\n\n\n

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WILL KESSLER<\/a><\/p>\n\n\n\n

CONTRIBUTOR<\/p>\n\n\n\n

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The Biden administration is expected to ease seasonal restrictions on ethanol-gasoline blends but has delayed the change until after the 2024 election to avoid a price spike, according to Reuters.<\/p>\n\n\n\n

The rule change stems from a 2022 request from the governors of Illinois, Iowa, Minnesota, Missouri, Nebraska, Ohio, South Dakota and Wisconsin to allow the sale of gasoline with 15% ethanol year-round, known as E15 gasoline, lifting current seasonal restrictions that aim to reduce smog in the summer months,\u00a0according<\/a>\u00a0to Reuters. The Environmental Protection Agency (EPA) had originally set an effective date of April 28, 2024, for the changes when the agency sent the proposal to the White House in December, but that is now expected to be pushed back to 2025.\u00a0(RELATED: Biden Admin To Ease Electric Vehicle Goals In Bid For Union Support: REPORT)<\/a><\/strong><\/p>\n\n\n\n

Top oil refiners, including HF Sinclair Corp. and Philips 66, have warned against the change, saying that it would complicate fuel supply logistics and increase the risk of area shortages, possibly raising prices, according to Reuters. The ethanol industry has lobbied for the changes, saying that the environmental concerns are exaggerated.<\/p>\n\n\n\n

Gas prices spiked nationally to an average of over $5 per gallon in June 2022 amid supply constraints from Russia\u2019s invasion of Ukraine, according<\/a> to the Federal Reserve Bank of St. Louis. Prices receded to nearly $3.10 per gallon in December 2022 before climbing up to just under $3.90 per gallon in August 2023.<\/p>\n\n\n\n

The national average for a gallon of gas was $3.276 as of February 20,\u00a0according<\/a>\u00a0to the AAA.<\/p>\n\n\n\n

The new rule change would only affect midwestern states, with the ethanol industry calling for a country-wide expansion in addition to the regional change, according to Reuters. A country-wide fix would ease the risks of area shortages that refiners are concerned about.<\/p>\n\n\n\n

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\u2018I Would Love To See The Monument Go Away\u2019: Rancher Suing Biden Over Arizona Land Grab Sounds Off https:\/\/t.co\/UZEGNt7iAS<\/a><\/p>— Daily Caller (@DailyCaller) February 20, 2024<\/a><\/blockquote>