MENLO, Iowa — President Joe Biden is answering a longtime request from the renewable fuel industry and allowing the sale of E15 fuel year-round. Biden is making the announcement at the POET refinery in Menlo.
Most gasoline sold in the U.S. is blended with 10% ethanol. The Environmental Protection Agency will issue an emergency waiver to allow widespread sale of 15% ethanol blend that is usually prohibited between June 1 and Sept. 15 because of concerns that it adds to smog in high temperatures. Senior Biden administration officials said the move will save drivers an average of 10 cents per gallon at 2,300 gas stations. Iowa is the country’s largest producer of corn, key to producing ethanol.
The announcement comes as gas prices remain high nationwide, but lower than peaks seen one month ago. Much of the volatility in the oil and gas markets is being driven by the war in Ukraine and Russia’s influence on international energy trade.
Governor Kim Reynolds thanked the president for his announcement in a statement released after his speech:
“Thank you to the Biden Administration for this very welcome news. While there is more to be done from the Administration to address high energy and fuel prices, unrestricted access to E15 is a great first step.Governor Kim Reynolds, (R) Iowa
“This action, although temporary, will ensure Iowans continued access to E15 and higher blends of ethanol. It is critical that the EPA implements this in a way to fully allow E15 for the entire summer driving season. I will continue to fight for our agriculture and renewable fuels industry because Iowans, and all Americans, deserve less expensive, cleaner-burning fuels.”