Biden Admin Reportedly Set to Greenlight Rule Change That Could Spike Gas Prices — But Not Until After the Election

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The Biden administration is expected to ease seasonal restrictions on ethanol-gasoline blends but has delayed the change until after the 2024 election to avoid a price spike, according to Reuters.

The rule change stems from a 2022 request from the governors of Illinois, Iowa, Minnesota, Missouri, Nebraska, Ohio, South Dakota and Wisconsin to allow the sale of gasoline with 15% ethanol year-round, known as E15 gasoline, lifting current seasonal restrictions that aim to reduce smog in the summer months, according to Reuters. The Environmental Protection Agency (EPA) had originally set an effective date of April 28, 2024, for the changes when the agency sent the proposal to the White House in December, but that is now expected to be pushed back to 2025.

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