UPDATE 1-Trump raises ethanol use in gasoline, appeases farmers ahead of elections [Reuters]
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Source: Reuters
Trump raises ethanol use in gasoline, appeases farmers ahead of elections | Reuters 4 Min Read WASHINGTON (Reuters) - U.S. President Donald Trump launched an effort on Tuesday to increase ethanol use in the nation’s gasoline pool, delivering a long-sought political victory to the nation’s Farm Belt and angering refiners ahead of November’s Congressional elections. Trump announced the lifting of a ban on summer sales of gasoline blended with 15 percent ethanol, known as E15, at a closed-door meeting at the White House, Republican senators told reporters after the meeting. The announcement caps a months-long effort by the White House to thread the needle between rival corn and oil industry interests, in an attempt to boost ethanol demand while cutting compliance costs for refiners. In the end, Trump is moving ahead without the support of the refining industry, who wanted more in return for agreeing to lift the summer ban. The move is also aimed at helping the political fortunes of Repub
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