Trump administration waives summer gasoline regulations to address surging fuel prices
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EPA Administrator Lee Zeldin said the waivers will help prevent a fuel supply disruption in the U.S. during the Iran war.
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HOUSTON — The Trump administration on Wednesday temporarily waived regulations on the types of gasoline that are sold during the summer in an effort to ease surging fuel prices during the Iran war. The Environmental Protection Agency lifted restrictions on the sale of E15 gas, a fuel blended with 15% ethanol. The sale of E15 is restricted in about half the U.S. from June through September due to regulations designed to reduce air pollution. The EPA also issued a waiver to remove all federal impediments to selling E10 gas, which is blended with 10% ethanol. The agency is suspending federal enforcement of certain state fuel requirements, allowing the production and distribution of gasoline with 9% to 15% ethanol content. "EPA waivers will work to prevent disruption in America's fuel supply by keeping E15 and E10 on the market and giving Americans more fuel options," EPA Administrator Lee Zeldin told reporters at S&P Global's CERAWeek conference in Houston, Texas. The waivers will take effect on May 1 and last through May 20, Zeldin said. "We will continue to monitor the supply with industry and federal partners," the EPA administrator said. "The agency will be ready to extend the emergency fuel waivers as ongoing issues continue to present the need for action." Gasoline prices have surged more than 30% to $3.98 per gallon since the U.S. war against Iran started, due to the ensuing massive oil supply disruption, according to data from travel association AAA. Prices at the pump are the highest levels since 2022, when Russia's invasion of Ukraine shook global energy markets. This is a developing story. Please check back for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news. Subscribe to CNBC PRO Subscribe to Investing Club Licensing & Reprints CNBC Councils Select Personal Finance Join the CNBC Panel Closed Captioning Digital Products News Releases Internships Corrections About CNBC Site Map Podcas...
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