E15 Waivers Do Nothing to Solve High Energy Prices
WASHINGTON D.C. (April 12, 2022) Today, President Biden announced an emergency waiver that will allow E15 gasoline to be sold on a temporary basis from June 1 to September 15. The White House estimates that the E15 blend will save consumers 10 cents per gallon compared to the E10 blend, however, this does not account for the lower energy content of the fuel. Additionally, E15 is only sold at about 2,300 gas stations nationwide, which is less than 2 percent of the total gas stations in the U.S.
Thomas Pyle, President of the American Energy Alliance, issued the following statement:
Much like last week’s announced drawdowns of the SPR, this is yet another effort by the Biden administration to distract Americans from the inflation and higher energy prices that are the direct result of the administration’s policies. This action will also have no noticeable impact on gas prices, but lets the administration pretend they are acting. However, real action to lower oil prices, and thus prices at the pump, is well within the administration’s power if they would simply get out of the way of domestic energy production.
It’s no surprise that on the same day the Bureau of Labor Statistics released its estimate of the consumer price index for March that showed an increase of 8.5 percent, the largest increase in 41 years, President Biden is once again resorting to symbolic gestures rather than meaningful actions that can help American energy consumers. As American drivers continue to pay record-high prices at the pump, it is time for the president to end his war on domestic energy production.
Additional Resources:
- The Biden Administration’s Dishonesty on Domestic Oil Production
- Renewable Fuel Standard Policy Brief
- The Drawbacks of Ethanol
- Instead of Allowing More Domestic Oil Production, Biden is Tapping into Strategic Reserves Again and Ignoring the Root Causes of Higher Prices
For media inquiries please contact:
Speak Your Mind