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Gasoline prices are displayed at a gas station in Vernon Hills, Ill., Friday, April 1, 2022. Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received. (AP Photo/Nam Y. Huh)

Gasoline prices are displayed at a gas station in Vernon Hills, Ill., Friday, April 1, 2022. Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received. (AP Photo/Nam Y. Huh)

April 12, 2022

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Biden waiving ethanol rule in bid to lower gasoline prices
April 12, 2022 9:30 a.m.

Biden waiving ethanol rule in bid to lower gasoline prices

WASHINGTON (AP) — President Joe Biden is visiting corn-rich Iowa on Tuesday to announce he'll suspend a federal rule and allow the sale of higher-ethanol gasoline this summer, trying to tamp down prices at the pump that have spiked during Russia's war in Ukraine.