US Weighs Biofuel Waivers to Lower Gas Prices
The Trump administration is considering expanding refinery biofuel waivers to lower gasoline prices during the Iran conflict. Officials discussed increasing 2027 quotas to shield farmers from potential demand losses, drawing sharp criticism from agricultural groups.
President Donald Trump and top officials discussed a plan on Wednesday to increase biofuel quotas by roughly 500 million gallons for the 2027 calendar year to shield farmers. The administration is weighing the expansion to offset exemptions for smaller refineries aimed at lowering gasoline prices during the war with Iran. The debate revives a contentious energy dispute from Trump's first term that threatens demand for Corn and Soybeans ahead of midterm elections in the United States.
