Gotta make sure feathers aren’t ruffled until Biden has more flexibility like Obama did in his second term.
The White House will approve a request from a group of Midwest governors to allow year-round sales of gasoline with higher blends of ethanol, but will push the start date into next year, two sources familiar with discussions said.
The decision will likely be bittersweet for the biofuel industry, which wants to expand sales of corn-based ethanol but might be frustrated by the 2025 start date. The one-year delay could put off any potential localized price spikes and supply issues that the oil industry says could arise from the decision until after the U.S. election, the sources said.
Under the plan, the administration would grant a 2022 request from the governors of Illinois, Iowa, Minnesota, Missouri, Nebraska, Ohio, South Dakota, and Wisconsin to allow year-round sales of E15, or gasoline with 15% ethanol, starting next year, the sources said. In the meantime, the EPA could issue a temporary waiver enabling such sales as needed.
What Biden’s mandate will do is increase the amount of ethanol in gasoline from 10% to 15% and allow the fuel mixture to be sold throughout the year. Consequently, this can be very bad for car engines since it will not only reduce your car’s fuel efficiency but damage it over time. In light of this, the demand for automobiles will go up making cars and trucks even more expensive, and not just new vehicles.
Most likely, the effects will be heightened corn prices resulting from increased demand but people will also be forced to buy an electric car or take mass transit (like trolleys or buses) resulting from the increased costs of buying a car or truck. This aids the W.E.F. with their principle or stated goal of You’ll own nothing, and be happy. Thankfully, ethanol-free gasoline is still available to buy and, if this mandate goes through and if possible, it would be a good idea to avoid or buy gasoline with the original 10% quantity if it is still available.
John Stossel reported on the consequences of using ethanol for one of his Fox News shows.
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