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US expected to approve expanded biofuel waivers as early as Monday: Reuters
The plan would cover more than 1.8 billion renewable fuel credits and could add about 500 million more to offset farm losses.
- On Monday, the Trump administration is expected to approve expanded biofuel blending exemptions for small refineries, covering more than 1.8 billion renewable fuel credits to help ease gasoline prices.
- Amid the U.S. conflict with Iran, the administration aims to manage gas prices while The EPA balances competing requests from oil refiners like Chevron and Marathon Petroleum against agricultural industry concerns.
- Intensifying the longstanding fight over The Renewable Fuel Standard mandates, the waiver expansion would roughly double initially planned amounts for the year, according to sources familiar with the plan.
- To mitigate potential political backlash before November's congressional elections, The EPA is considering reopening 2027 biofuel quotas and adding roughly 500 million renewable fuel credits to offset harm to Farmers.
- Despite intense pressure from Farm-state lawmakers to block expansion, sources told Reuters the decision could slip from Monday to Tuesday, forcing the White House to navigate competing industry demands.
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US expected to approve expanded biofuel waivers as early as Monday, sources say
The Trump administration is expected as early as Monday to approve an expanded volume of exemptions for U.S. oil refiners from biofuel blending requirements, according to two people familiar with the matter, as part of efforts to ease upward pressure on gas prices.
·London, United Kingdom
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Total News Sources8
Leaning Left0Leaning Right0Center6Last UpdatedBias Distribution100% Center
Bias Distribution
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100% Center
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