The Trump administration will seek to reform two parts of the nation's policy to promote biofuels, marking its latest attempt to reach a mutually beneficial outcome for two of the president's key constituencies: the fossil fuel industry and farm states.
President Donald Trump on Tuesday ordered acting EPA Administrator Andrew Wheeler to take measures that would lift barriers to the summertime sale of E15, a type of gasoline-biofuel blend, according to a senior White House official. The change is calculated to shore up demand for biofuels such as corn-based ethanol and boost the fortunes of farmers.
Regulations effectively restrict the sale of E15 from the beginning of June through the middle of September at gas stations throughout much of the country.
At the same time, the Trump administration will aim to limit speculation in the market for biofuel credits, the official told reporters Monday. The nation's refiners have long complained that the obscure market is flawed, resulting in price spikes that drive up the cost of complying with federal rules and putting financial pressure on small refineries.