Summary
The U.S. Environmental Protection Agency (EPA) is increasing sales of E15 gasoline, which contains up to 15% ethanol, to help lower rising gas prices. This move is intended to provide drivers with cheaper fuel options and reduce dependence on foreign oil.
Key Facts
- The Trump administration announced an increase in sales of E15 gasoline for the summer.
- E15 is a type of gasoline that contains up to 15% ethanol, which can help save drivers between 10 to 40 cents per gallon.
- Normally, E15 sales are limited in the summer due to concerns about air pollution from evaporation.
- The EPA plans to remove federal barriers to selling E10 gasoline nationwide.
- A similar waiver for E15 was issued last year, and again in 2022 by then-President Biden.
- The average gas price was $3.98 per gallon as of Wednesday, which is over a dollar more than a month prior.
- The ethanol industry supports this decision as it may help address potential fuel shortages and stabilize gas prices.
