President Biden will announce plans for the Environmental Protection Agency to allow a mixed form of ethanol-based gasoline, known as E15, to be sold this summer – a measure long resisted by some energy and environmental groups that could help to provide short-term relief to the pump. Management will do so by issuing an emergency exemption from the EPA for the summer sale of E15. Usually, the E15 can not be sold in most of the country from June 1 to September 15 due to air pollution rules. The White House has argued that using the E15 could cut 10 cents per gallon of gasoline. The E15 is currently sold in 30 states at more than 2,300 gas stations, the Department of Energy said, but that is only a fraction of the more than 150,000 service stations in the United States. The news comes during a day when the president is due to visit the Poet ethanol plant near Des Moines as administration pushes Congress to approve new energy subsidies to reduce US dependence on foreign fossil fuels. The turmoil around gas prices will come just hours after the federal government plans to release an inflation report that could show prices rising up to 8 percent from last year, despite months of The Biden government’s efforts to reduce inflation. High prices have emerged as a detrimental political problem for the White House, reducing Biden’s popularity, even as the United States sees a boom in job growth and economic output. White House spokeswoman Jen Psaki sought to quell criticism of the new inflation report on Monday, accusing Putin of “raising prices.” Russia’s invasion of Ukraine at the behest of President Vladimir Putin came at a time when many economists were optimistic that prices would begin to decline, but energy and food prices have risen since the February invasion, given its central position. Russia in the supply of these world goods. An energy explosion is taking place in Oklahoma, thanks to high oil prices fueled by the pandemic recovery and the war in Ukraine. But who pierces can surprise you. (Video: Lee Powell / The Washington Post, Photo: The Washington Post) Biden receives a strong report on jobs, but is still in a bad mood. The White House has been trying for weeks to blame rising gas prices in Russia, while also seeking to promote policies that Biden and his advisers said could provide temporary relief. Last month, Biden announced that the White House would release 1 million barrels of oil each day from the Strategic Oil Reserve to try to push prices down over the next several months. The White House’s efforts to divert responsibility may prove politically inadequate. Just this fall, senior Democrats were still cautiously optimistic that inflation could weaken from the national dialogue until the 2022 midterm elections and in time to regain the party. This optimism is fading. Inflation appears to have plunged Democrats, shattered government boasting of economic recovery and even damaged Biden’s legacy by setting new roadblocks on his domestic policy agenda in Congress. Although international in scope, inflation has emerged as the issue that Americans see as the single most important problem facing the country. But they are also not convinced that politicians in Washington – including Biden – have the answers to solve it, according to opinion polls. Inflation is bad internationally, but higher in the United States, which has approved more fiscal easing programs and experienced faster economic growth from many European countries. Inflation explained: How prices took off An ABC News-Ipsos poll published this week found that only 29 percent of Americans approve of Biden’s handling of inflation. Inflation has emerged as the issue that Americans see as the nation’s biggest challenge, according to Gallup, and the University of Michigan Consumer Survey reported a 30 percent drop last year. “I think the economic landscape is as bleak as it has been since the beginning of government,” said Mark Zady, an economist whose analyzes are often cited by the White House. “It’s just a very, very dark and deep problem. . There is nothing more destructive to the collective soul than having to pay more. And it is going to get worse. “ The White House has tried to show that it is doing everything possible to combat inflation, including tackling national supply chain problems and supporting Biden’s domestic cost-cutting agenda. But the collapse of key parts of Biden’s domestic agenda due to disagreements with Senator Joe Manchin III (DW.Va.) complicates their promises to bring relief. The White House had legislative plans to reduce the cost of housing, health care, childcare and other pocket money, but a lack of support from Republicans and Mancin seemed to derail those efforts this year. Biden’s expanded tax credit also ran out due to opposition from Republicans and Mancins, depriving tens of millions of American families of a monthly check even when prices are rising. Not all the news for the White House is bad. The average price for a gallon of gas was $ 4.11 on Monday, according to AAA, from $ 4.33 a month ago. There are some signs that supply chain bottlenecks are beginning to loosen and the Federal Reserve is expected to act in the coming months to curb inflation at higher interest rates. Used car prices are starting to fall and the cost of durable goods is also showing signs of easing. Truck and shipment capacity also appears to be increased. Two White House officials, speaking on condition of anonymity to describe the administration’s strategy, said the government was trying to focus cost-cutting on the focus of its agenda. They also said they expected more emphasis from the White House on the Republican agenda, something the government believes will run counter to their plans to cut prices. White House officials have repeatedly exploited a plan by Senator Rick Scott (R-Fla.) To impose a minimum federal income tax on tens of millions of Americans. Administration officials also said that inflation appears to be easing when energy and food prices are subtracted, although this distinction is unlikely to be convincing to many voters. Aaron Klein, a former Treasury official now at the Brookings Institution, a Washington-based think tank, said in the coming months there was considerable uncertainty that made it difficult to decipher whether inflation would decline in the medium term. “We do not know when the war in Europe will end. we do not know when he will adapt for Covid. “We do not know when the global supply chain will adapt to the recurrent coronavirus outbreaks that appear to be a feature of the new normal,” Klein said. “We just do not know.”
