Sources say the United States wants more ethanol in gasoline to reduce pump prices
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Retail petrol prices hit record highs in March as the invasion shook energy markets around the world.
The Biden administration is considering temporarily lifting restrictions on summer sales of high-ethanol petrol as a way to reduce fuel costs, three sources familiar with the matter told Reuters.
The move comes as petrol prices have risen in the United States following Russia’s invasion of Ukraine in February. Retail petrol prices hit record highs in March as the invasion shook energy markets around the world.
The Environmental Protection Agency said it could not comment on whether the change would be considered, but said it was “considering a number of government-level options to help reduce the impact of Russia’s actions on U.S. consumers.”
The move will be welcomed by the ethanol industry, which has been struggling to boost sales of the fuel mixture E15 and remove summer restrictions.
The 10% ethanol found in most American gasoline is up to 15% in E15.
The summer ban on the E15 was imposed due to concerns that the E15 would increase smog in hot weather.
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