In Reply to: Rainy days and Mondays always have some news* posted by mh on August 31, 2026 at 08:56:44
The Trump administration is expected as early as Monday to approve an expanded volume of exemptions for U.S. oil refiners from biofuel blending requirements, according to two people familiar with the matter, as part of efforts to ease upward pressure on gas prices.
Farm-state lawmakers had pressed the White House not to expand the waivers above amounts flagged at the start of this year, although refiners have sought them as a means to lower fuel production costs. Farmers fear the waivers would reduce demand for their crops, while the two sides disagree on whether the expansion can actually cut gas prices significantly.
The Environmental Protection Agency is expected to issue waivers for the latest year to a group of small refineries covering more than 1.8 billion renewable fuel credits, the sources said. Applicants for the waivers include facilities owned by oil giants Marathon Petroleum (MPC.N), opens new tab and Chevron (CVX.N), opens new tab.
That would be roughly double the number of credits the agency initially said it was planning for the year.