https://sputnikglobe.com/20220412/biden-to-roll-out-plan-to-ease-gas-prices-on-tuesday-1094696315.html
Biden to Roll Out Plan to Ease Gas Prices on Tuesday
Biden to Roll Out Plan to Ease Gas Prices on Tuesday
Sputnik International
The White House previously blamed skyrocketing fuel prices in the country on Russia. The average price of gas in the United States reached $4.33 per gallon... 12.04.2022, Sputnik International
2022-04-12T09:06+0000
2022-04-12T09:06+0000
2022-04-12T10:34+0000
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joe biden
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US President Joe Biden will unveil plans to combat spiking costs of gas later in the day, the White House said.According to recent reports, Washington plans to extend the availability of higher biofuel-blended gasoline in a bid to ease the situation on the American fuel market and at the same time to cut reliance on foreign energy sources.It is expected that the Environmental Protection Agency will permit the sale of E15 gasoline (which uses a 15% ethanol blend) across the country starting this summer. According to the Biden administration, E15 can save a family 10 cents per gallon of gas on average, considering current prices.Fuel prices in Europe and the US have been rising dramatically since last year over growing energy demand, as the global economy was recovering from COVID. Another major spike occurred after Washington and its allied slapped sanctions on Moscow amid the latter's special op in Ukraine.Biden ordered a boycott of Russian energy imports and called on EU allies to do as much as posible to reduce their dependence on Russian fuel. Russia replied to these steps by demanding to pay for gas in rubles.
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Evgeny Mikhaylov
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us, joe biden, gas, gas prices
us, joe biden, gas, gas prices
Biden to Roll Out Plan to Ease Gas Prices on Tuesday
09:06 GMT 12.04.2022 (Updated: 10:34 GMT 12.04.2022) The White House previously blamed skyrocketing fuel prices in the country on Russia. The average price of gas in the United States reached $4.33 per gallon back in March, and remains high across many states.
US President Joe Biden will unveil plans to
combat spiking costs of gas later in the day, the White House said.
According to recent reports, Washington plans to extend the availability of higher biofuel-blended gasoline in a bid to ease the
situation on the American fuel market and at the same time to cut reliance on foreign energy sources.
It is expected that the Environmental Protection Agency will permit the sale of E15 gasoline (which uses a 15% ethanol blend) across the country starting this summer. According to the Biden administration, E15 can save a family 10 cents per gallon of gas on average, considering current prices.
Fuel prices in Europe and the US have been rising dramatically since last year over growing energy demand, as the global economy was recovering from COVID. Another major spike occurred after Washington and its allied slapped sanctions on Moscow amid the latter's special op in Ukraine.
Biden ordered a boycott of Russian energy imports and called on EU allies to do as much as posible to reduce their dependence on Russian fuel. Russia replied to these steps by demanding to pay for gas in rubles.
