– Expect higher food prices but little relief at the pump with Biden’s latest questionable move to combat inflation…
The EPA, after gathering comments since releasing it proposed blending requirements in December, said Friday it will require refiners to blend 20.77 billion gallons of ethanol, biodiesel and other renewable fuel this year.
Additionally, the oil industry must blend 250 million more gallons of renewable fuel, both this year and next, after a federal court found the Obama administration inappropriately reduced the 2016 blending requirements.
The agency also denied roughly 70 exemptions for small refineries, many of which had been granted under former President Donald Trump.
Learn More: https://www.zerohedge.com/political/biden-mandates-more-ethanol-gasoline-expect-many-negative-repercussions
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