economy
Trump administration waives gasoline regulations to address surging fuel prices
EPA Administrator Lee Zeldin said the waivers will help prevent a fuel supply disruption in the U.S. during the Iran war.
TL;DR
- The Trump administration is temporarily waiving regulations on summer gasoline sales to combat rising fuel prices.
- Restrictions on E15 gas (15% ethanol) sales during summer months have been lifted by the EPA.
- The EPA also issued a waiver to remove federal impediments to selling E10 gas (10% ethanol).
- Federal enforcement of certain state fuel requirements is suspended, allowing for gasoline with 9% to 15% ethanol content.
- These waivers are intended to prevent fuel supply disruptions and offer consumers more fuel options.
- Gasoline prices have increased over 30% to $3.98 per gallon since the start of the Iran war.
- Diesel prices have risen over 40% to $5.37 per gallon.
- The administration has plans to increase diesel supply, according to Energy Secretary Chris Wright.