As highway robbery by energy companies continue, pushing up prices everywhere, the Biden administration is finally realizing that if they're not seen actively trying to lower the cost of fuel now, voters are going to raise the cost of being a Democrat in November.
President Biden will announce plans for the Environmental Protection Agency to allow a blended form of gasoline that uses ethanol, known as E15, to be sold this summer — a measure long resisted by some energy and environmental groups that could help deliver short-term relief at the pump.
The administration will do this by having the EPA issue an emergency waiver for the summer sale of E15. Typically, E15 cannot be sold in most of the country between June 1 and Sept. 15 because of air pollution rules. The White House has argued that the use of E15 can shave 10 cents off each gallon of gasoline. E15 is currently sold in 30 states at more than 2,300 gas stations, the Energy Department has said, but that is just a fraction of the more than 150,000 gas stations in the United States.
The news will come during a day the president is set to visit the Poet ethanol plant near Des Moines as the administration pushes Congress to approve new energy subsidies aimed at reducing U.S. dependence on foreign fossil fuels.
The flurry of activity around gas prices will come just hours after the federal government is scheduled to release an inflation report that could show prices rising by as much as 8 percent relative to last year, despite the Biden administration’s months-long efforts to bring inflation down. High prices have emerged as a nettlesome political problem for the White House, lowering Biden’s popularity even as the United States sees a boom in job growth and economic output.
That CPI inflation report came in at 8.5% inflation, with gasoline up a third from last year. The hope is that this is peak inflation for this cycle, but who knows the answer to that.
Biden's at least taking action. Republicans will attack him anyway.
No comments:
Post a Comment