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Why Biden is waiving rule on higher levels of ethanol in gas this summer

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WASHINGTON - President Joe Biden said Tuesday his administration will suspend a federal rule that bars higher levels of ethanol in gasoline during the summer.

The move, which Biden announced during a visit to Iowa, is intended to tamp down prices at the pump that have spiked during Russia’s war with Ukraine.

Iowa is a key producer of the corn-based fuel additive.A look at how that the decision to authorize year-round use of so-called E15 will impact gas supplies, prices and the environment.Most gasoline sold in the U.S.

is blended with 10% ethanol. At Biden's direction, the Environmental Protection Agency will issue an emergency waiver to allow widespread sale of 15% ethanol blend that is usually prohibited between June 1 and Sept.

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