Posted 11/24/2023, 12:04:59 PM
White House Puts Brakes on Expanding Ethanol Blends Amid Oil Industry Warnings and Election Worries
- White House delaying decision on allowing higher ethanol blends in some states due to oil industry warnings it could cause price spikes
- Governors from 8 Midwest states requested allowing 15% ethanol blends (E15) year-round to help lower gas prices
- EPA missed deadlines to finalize the E15 proposal after refiners warned of supply issues and price increases
- White House concerned higher gas prices in some states could hurt Biden's re-election chances
- University expert says high gas prices typically hurt incumbent's re-election prospects, even if unrelated to their policies