excalibur
Diamond Member
- Mar 19, 2015
- 22,760
- 44,336
- 2,290
As with everything this [mal]adminsitration does, it makes no sense.
The consumer-price index report must look pretty bad to make this move, and what’s more, every media outlet recognizes the desperation. Joe Biden will lift a summer restriction on E15 ethanol blends intended to keep pollution down in a desperate bid to keep gas prices from escalating even further.
Say, weren’t we all just fretting over food shortages this summer?
...
The consumer-price index report must look pretty bad to make this move, and what’s more, every media outlet recognizes the desperation. Joe Biden will lift a summer restriction on E15 ethanol blends intended to keep pollution down in a desperate bid to keep gas prices from escalating even further.
Say, weren’t we all just fretting over food shortages this summer?
President Biden will announce today that his administration will temporarily allow E15 gasoline — gasoline that uses a 15 percent ethanol blend that is typically banned from sale from June to September — to be sold this summer. …
Gas prices have risen dramatically in the last few months, reaching a national average price of $4.11 a gallon as of Monday, according to AAA. Though that’s down somewhat from last month’s high, it is still a considerable jump from this time last year when prices were just $2.86 a gallon.
Analysts attribute much of that increase to turbulent oil markets in the wake of Russia’s invasion of Ukraine. While the U.S. does not import much oil from Russia – and has now banned its import – it is a major global supplier.
“The President is committed to doing everything he can to address the pain Americans are feeling at the pump as a result of Putin’s Price Hike,” the White House said in a statement. “The Administration’s strategy to spur the development of homegrown biofuels is critical to expanding Americans’ options for affordable fuel in the short-term and to building real energy independence in the long-term by reducing our reliance on fossil fuels.”
...