President Donald Trump’s plans to allow the sale of a higher concentration of ethanol in gasoline throughout the year would appease U.S. corn farmers who have been stung by low corn prices as a result of the U.S.-China trade dispute and likely even lead to lower prices at the pump.
Some refiners and older car engines, however, may pay the price.
Trump is expected to announce a directive later Tuesday that would allow the year-round sale of gasoline with up to 15% ethanol, also know as E15. That would include the use of the blend even during the summer driving season. Its use in the summer months is currently banned as it can produce more smog.