President Joe Biden speaks to guests during a visit to POET Bioprocessing facility in Menlo, Iowa on Tudsday. Getty Images/AFP
The Biden administration said Tuesday it would allow high-ethanol content gasoline to be sold in the hot summer months, in an effort aimed at lowering prices at the pump that could pay political dividends in farm-country states.
“It reduces our reliance on foreign oil. Adding this fuel to our gasoline, 10% or 15% or even more, stretches the supply,” President Joe Biden said at a Poet LLC ethanol-processing facility in Menlo, Iowa. “It gives you a choice at the pump. When you have a choice, you have competition. When you have competition, you have better prices.”
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
