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Commodities

Trump says very close to 12-month waiver for ethanol in gasoline

U.S. President Donald Trump participates in a roundtable discussion on workforce development at Northeast Iowa Community College in Peosta, Iowa, U.S., July 26, 2018. REUTERS/Joshua Roberts

(Reuters) - President Donald Trump on Thursday said his administration is very close to granting a waiver that would allow the sale of gasoline containing 15 percent ethanol year-round.

“I’m very close, I have to tell you, to pulling off something you have been looking forward to for many years and that’s the 12-month E15 waiver,” he said at a workforce event in Iowa, where farmers would get a boost by increasing the amount of ethanol, a biofuel typically made from corn, blended into gasoline.

Reporting by Roberta Rampton; Editing by Steve Orlofsky; Writing by Lisa Lambert

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