BUSH GIVES A BOOST TO ETHANOL BLEND GASOLINE

As expected, President Bush has granted ethanol a I psi waiver from the Clean Air Act's requirements for gasoline. The action, which could double U.S. ethanol sales to 1.5 million gal/year by 1997, is widely seen as a political move to gain support in the November elections from grain-growing states. The administration estimated the action will cost refiners $25 million/year and increase gasoline prices by 0.3 cents/gal in the markets involved.

Oct 12th, 1992
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