Fuel prices continue to rise, the U.S. urgently waives ethanol gasoline sales

On the 25th, the U.S. Environmental Protection Agency announced that, in consultation with the Department of Energy, it has decided to issue a temporary emergency fuel exemption order, allowing ethanol gasoline to continue to be sold for 20 days after the end of this sales season to increase domestic fuel supply. Under this exemption policy, from May 1 to 20, ethanol gasoline with a blending ratio of 15% can continue to be sold nationwide, and all federal sales restrictions on ethanol gasoline with a blending ratio of 10% have also been lifted. EPA Administrator Lee Zeldin said, “This emergency action will increase fuel supply and consumer choice, alleviating the pressure faced by American households.” Due to the inability to meet gasoline volatility standards, the U.S. typically prohibits the sale of ethanol gasoline in the summer. The EPA stated that the 20-day window is the longest period allowed under the U.S. Clean Air Act. If necessary, the agency will extend the emergency exemption period. In late February, the U.S. and Israel launched an attack on Iran, leading to disruptions in shipping in the Strait of Hormuz, causing international oil prices to soar, and U.S. retail gasoline prices surged, putting pressure on consumers. Data released by the American Automobile Association on the 25th showed that the national average price of regular gasoline in the U.S. has increased by 33.88% compared to a month ago. (Xinhua)