by Thomas Catenacci
The Daily Caller
President Joe Biden’s recent action to address record-high gasoline prices will have a bare minimum impact on consumers, saving some American families a few dollars a month.
Biden issued an emergency waiver Tuesday allowing gas stations nationwide to sell gasoline with 15% ethanol (E15), pausing a federal environmental regulation that prohibits the corn-based biofuel mixture during the summer months to limit smog. American consumers are currently facing record-high pump prices and soaring inflation at levels not seen since 1981.
“We’re leaning on you, our farmers, our biofuel refiners,” the president said during remarks at an ethanol facility in Iowa on Tuesday…
“Instead of unleashing the American energy industry to lower gas prices and using American corn to help make up for global grain shortages, Biden’s policy of burning more food for fuel will keep gas prices high and reduce food supplies,” Steve Milloy, a senior legal fellow at the Energy & Environment Legal Institute, said in a statement shared with the Daily Caller News Foundation.
“By the way, ethanol is less efficient than gasoline, reduces gas mileage and so costs consumers more than conventional gasoline,” Milloy added. “We know Joe Biden will do anything to avoid unleashing the U.S. energy industry, but this move inexcusably risks global food supplies.”
