The Biden administration on Friday issued an emergency exemption from fuel that allows E15 gasoline – fuel that uses a 15% ethanol blend – to be sold in the United States this summer in a bid to expand American access to affordable fuel supplies. rising gas prices across the nation. The president announced earlier this month that his government intended to step down in an effort to “protect Americans from supply crises” by reducing their dependence on fossil fuels, building US energy independence and accelerating the transition to clean energy. BIDEN ANNOUNCES APPROVAL OF E15 GASOLINE IN EFFORT TO INCREASE US FUEL SUPPLY, REDUCING GAS PRICES “The president has pledged to do what he can to address the plight of Americans as a result of rising Putin prices and the impact of the unwarranted war on a global fuel supply,” a White House spokeswoman said on Friday. Jen Psaki, calling for resignation. a “critical step in tackling the fuel crisis”. “At current prices, the E15 could save a family 10 cents per gallon on average and many stores are selling the E15 at an even bigger discount and the current exemption will allow families to pay this lower price for the coming months,” he said. Psaki. The rules in about two-thirds of the US mandate stipulate that the E15 may not be sold at terminals starting May 1 and at retail outlets starting June 1. The Environmental Protection Agency will extend the exemption for E10 petrol to E15, which will activate E15 sales throughout summer driving in these areas, if necessary. The E15 can already be sold all year round in parts of the country that have a petrol reset program. The E15 is currently offered at 2,300 service stations across the country, where administration officials say it could serve as a “significant and more affordable source of fuel”. The EPA fuel emergency exemption will take effect in May, when terminal operators will no longer be able to sell E15 in affected areas of the country and will last for the legal maximum of 20 days. “President Biden and this government are committed to protecting American consumers from the effects of Russia’s unprovoked attack on Ukraine,” EPA Administrator Michael S. Reagan said on Friday. “Putin’s war has had a profound impact on global and domestic energy markets. In consultation with Secretary Granholm, I have come to the conclusion that steps need to be taken to allow E15 sales during the summer to minimize and prevent stopping fuel in the summer offer to consumers’. The White House said on Friday, however, that this was “the only step the president has taken to address the supply of fuel and to give Americans relief from Putin’s rising prices.” “The president approved the release of one million barrels a day from the Strategic Oil Reserve for the next six months in the largest release in history as a bridge in time of war. He worked around the clock to build a coalition around the world to release an additional 60 millions of barrels and calls on Congress to force oil companies to pay wells from leases they have not used in years to encourage more domestic production right now. “ Psaki added that the Biden government has also “finalized the strongest fuel economy standards for vehicles, reducing the amount of fuel families need to buy over time and making vehicles go farther with every gallon.” WHITE HOUSE UNDERSTANDS RUSSIA FOR HIGH GAS PRICES, THINKING “#PUTINPRICEHIKE” The White House has described rising fuel costs as “Putin’s rise in prices” and has vowed to bring relief to Americans at the gas station. Biden announced a ban on all imports of Russian oil, gas and energy to the United States, aimed at “the main artery” of the Russian economy in the midst of Russian President Vladimir Putin’s war against Ukraine. Russian oil exports account for about a third of Europe’s oil imports, but for the United States, Russian exports are just under 10% of total US imports. Biden has been criticized by both Democrats and Republicans for high gas prices, which have risen sharply under his rule even before the Russian invasion. Many have publicly called on him to open up oil and gas extraction in the United States to reduce the country’s dependence on foreign oil. Biden, since banning Russian oil imports, has worked with allies and partners through the International Energy Agency to secure a historic release from oil reserves around the world, which the White House says will supply 240 million barrels of oil. on the market over the next six months – more than a million barrels a day. EXPERTS DRAW A STRATEGY FOR OUR ENERGY INDEPENDENCE WITHIN THE WAR IN UKRAINE Biden also called for a “use it or lose it” policy to force oil companies to pay fees for wells they have not used for years and for acres of public land they own without producing. The White House also said Biden had proposed “concrete steps” to promote “real independence” from fossil fuels, working to speed up the transition to clean energy. The move, according to the White House, reinforces the Biden administration’s goal of “achieving real energy independence and a commitment to a long-term strategy to encourage smart growth and the adoption of sustainable, domestic fuels.”
