US could waive smog rules to rein in gas prices – RT Business News

Skyrocketing energy prices force White House to drop environmental measure

The US government is reportedly considering the idea of ​​suspending environmental gasoline rules introduced earlier to reduce summer smog. The measure is expected to combat rising prices at the pump, sources involved in the talks told Reuters.

Environmental gasoline standards require refiners and blenders to avoid lower cost components like butane in summer gasoline. The components help raise the Reid Vapor Pressure (RVP) of gasoline, which contributes to smog at higher levels, especially during hot summer months.

Last year, the White House issued a waiver to RVP requirements in Louisiana and Mississippi in the wake of Hurricane Ida.

However, the latest spike in energy prices has reportedly forced the White House to consider waiving the rule to help lower fuel costs.

The US administration has already lifted the requirement for summer sales of E15, a low-cost, high-ethanol gasoline. The planned waiver would apply to all grades of gasoline, although a final decision has yet to be made, the sources say.

On Monday, the average price of a gallon of regular gasoline in the United States hit a new record high of $4,596, a 50% increase from 2021. A total of 10 states and the District of Columbia are already paying more of $5 per gallon, with the California statewide average hitting over $6 per gallon.

The spike in fuel prices seen in recent months comes against the backdrop of rising global crude prices. The situation has worsened since the introduction of sanctions against Russia, a major global oil supplier. A year ago, the price of a gallon of regular gasoline in the country hovered around $3 a gallon.

For more stories on economics and finance, visit RT’s business section

You can share this story on social media:


Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button