The U.S. Environmental Protection Agency said Wednesday that it would temporarily allow widespread sales of a higher ethanol gas blend in a move that they hope will tamp down consumer prices that have soared since the Iran war began.
The sale of E15 is typically discontinued in the summer because it can contribute to harmful air pollution.
Not all are convinced the move will substantially lower gas prices. E15 isn’t available in all states and some places don’t have the necessary infrastructure or enough of a supply of ethanol to ramp up use, said Kenneth Gillingham, a professor at the Yale School of the Environment who studies the impacts of transportation regulations on prices, emissions and consumer welfare.
When did I say new? I still have no idea how anyone who isn’t a millionare or more could buy a new car. I’m decently above average income and even the cheapest new cars still cost an impossible amount of money. Yeah loans are a thing but that also confuses me because why would any bank give anyone a +$20,000 loan for a fairly rapidly depreciating asset which could be totaled the next day by a random deer or bad driver. Yeah, insurance is a thing but the cost of insurance on new cars is also inconceivably expensive. Even if you ignore the cost of vehicle itself, how do people even manage to pay the insurance premiums and registration costs? Some people must be buying new cars of course but I genuinely have no idea how or why.