House approves year-round E15 gasoline sales legislation
The U.S. House passed a bill to allow year-round sales of E15 gasoline nationwide. The move aims to lower fuel prices but faces a difficult path in the Senate.
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The United States House passed a bill on Wednesday afternoon allowing year-round E15 gasoline sales by a 218 to 203 vote. The H.R. 1346 legislation removes seasonal smog-related restrictions that previously banned the 15% ethanol blend during summer months. Biofuel and agriculture investors gain a permanent demand floor, while refiners face $2.3 billion in projected 10-year deficit costs.
