President Biden's Corny New Plan to Lower Gas Prices Has Some Problems

Spencer Brown / Townhalll Tipsheet

 

President Biden announced his latest supposed silver bullet to deal with inflated gas prices that reached their all-time high last month — more ethanol than usually allowed in American gas — during a speech on Tuesday evening in Iowa.

As usual, Biden's announcement was more about avoiding blame that explaining what his plan would do...because it won't do much. 

Biden's decision to use executive authority to have the Environmental Protection Agency (EPA) waive normal rules to allow grain-based ethanol mixtures of up to 15 percent in American gas supplies is, according to the White House, more action aimed at lowering gas prices Biden claims have skyrocketed due to Putin's invasion and greedy oil and gas CEOs. But there are more than a few problems with Biden's new plan.

First, the EPA typically restricts ethanol-rich fuel during the approaching summer months due to the increased pollution and smog its use causes. The U.S. Energy Information Administration notes that ethanol-gasoline...Read more, see tweet, and videos here.