The Biden administration is taking another step to lower gasoline prices as the Environmental Protection Agency will suspend the normal summertime ban on gas made with more ethanol.
“California blends 10% of its gasoline as ethanol,” explained UC Berkeley economist Severin Borenstein. “That is the standard nationally. This would allow blending up to 15% ethanol in our gasoline.”Great news for farm states, and people who grow corn, but for drivers, the 5% uptick of ethanol will not add up to much. California gas prices, which include state taxes and production rules unrelated to ethanol, will not change greatly.
“Half-full now,” said Brian Boyd while filling up in Martinez Tuesday. “I’ll see what happens when I fill up half this tank.”
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