The EPA is again allowing summer sales of higher ethanol gasoline blend, citing global conflicts

→ The Long-Awaited End of America Update (From Stansberry Research) (Ad)

An E15 nozzle is displayed on a pum at service station in Minneapolis, Monday, Oct. 28, 2013 photo. The Environmental Protection Agency cleared the way Friday, April 19, 2024, for E15, a higher blend of ethanol, to be sold nationwide for the third summer in a row. Gasoline with 10% ethanol is already sold nationwide, but the higher blend has been prohibited in the summer because of concerns it could worsen smog during warm weather. (Jeff Wheeler/Star Tribune via AP, File)

OMAHA, Neb. (AP) — The Environmental Protection Agency cleared the way Friday for a higher blend of ethanol to be sold nationwide for the third summer in a row, citing global conflicts that it says are putting pressure on the world's fuel supply.

The agency announced an emergency waiver that will exempt gasoline blended with 15% ethanol from an existing summertime ban. Gasoline with 10% ethanol is already sold nationwide, but the higher blend has been prohibited in the summer because of concerns it could worsen smog during warm weather.

EPA Administrator Michael Regan said the waiver was warranted because of “Russia’s unjustified, unprovoked, and unconscionable war against Ukraine” and the ongoing conflict in the Middle East, which he said are putting pressure on the global fuel supply. He said the diminished U.S. refining capacity is also a factor.

The biofuels industry and politicians in the Midwestern states where ethanol is produced from corn praised the EPA’s decision. They have portrayed ethanol as a product that helps farmers, reduces prices at the pump and lessens greenhouse gases because the fuel burns more cleanly than gasoline.

“Allowing uninterrupted sales of E15 will help extend gasoline supplies, prevent fuel shortages, protect air quality and reduce carbon emissions,” said Renewable Fuels Association President and CEO Geoff Cooper.

Iowa Gov. Kim Reynolds called the decision “a huge victory for Iowa farmers, American energy independence, and consumers.”

Environmentalists and others, however, have said increased ethanol production can increase carbon releases because it results in more corn production, leading to increased use of fertilizer and greater releases of nitrate. Synthetic and natural fertilizers also are a leading source of water pollution.

Iowa leads the nation in ethanol production, followed by Nebraska, Illinois, South Dakota, Minnesota and Indiana.

Most gasoline sold across the country today is blended with 10% ethanol, though 15% blends are becoming increasingly common, especially in the Midwest.

The EPA has approved sales of E15 for cars and trucks manufactured after 2000. The RFA estimates that the higher blend will cost consumers more than 25 cents a gallon less than 10% ethanol.

Earlier this year, the EPA permanently approved year-round E15 sales in eight Midwestern states, starting next year. The waiver announced Friday is temporary and only applies this year.

→ Biden replacement revealed? (From Paradigm Press) (Ad)

Should you invest $1,000 in Cooper Companies right now?

Before you consider Cooper Companies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cooper Companies wasn't on the list.

While Cooper Companies currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 "Recession Proof" Stocks That Will Thrive in Any Market Cover

Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Get This Free Report

Featured Articles and Offers

Search Headlines: