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Moneywatch - CBSNews.com

Over half of Americans say their finances are worsening, Gallup poll finds Gas prices jump to their highest level since start of Iran war Taylor Swift files to trademark her voice and image amid rise in AI deepfakes United Arab Emirates says it will permanently leave OPEC on May 1 Will the Fed cut interest rates? Here's what to expect at Wednesday's meeting. Hundreds of Google workers urge CEO to refuse classified AI work with Pentagon The legal showdown between Elon Musk and Sam Altman begins today. Here's what to know. California billionaire tax secures enough signatures to make ballot United Airlines CEO says he approached American Airlines to discuss possible merger Prediction markets in hot seat over rogue bettors and insider trading Tillis says he's prepared to move forward with Kevin Warsh's nomination for Fed chair How high energy bills, driven by new data centers, are affecting average Americans Naval escorts will likely be needed when Strait of Hormuz reopens, Chevron CEO says In 8 weeks, the Iran war has dented the U.S. economy. The damage could linger, economists say. Trump extends Jones Act waiver for another 90 days Trader Joe's customers sue over coffee's caffeine levels IEA says Iran war will keep the global natural gas market tight for two years Here are the college majors that new grads regret the most, according to a recent survey Food prices could rise more amid the Iran war. Here's how to cut costs on groceries. Planning to fly this summer? Book now before prices surge, airline experts say. Air travel prices likely to get worse in coming weeks, Chevron CEO says Only one Trump "gold card" visa has been approved so far, Commerce's Lutnick says Nearly 208,000 heated socks sold at Costco are recalled after customers report burns Meta to cut 8,000 jobs as it charges into AI JetBlue used customers' personal data to set ticket prices, lawsuit alleges How much does it cost to raise a child? Judge approves $425 million Capital One settlement. Here's what customers should know. AI is fueling a massive surge in crypto fraud schemes, IRS investigators say Why is the Trump administration considering bailing out Spirit Airlines? Rents around the U.S. are growing more slowly than they have in years
Trump to ask Congress to make 15% ethanol-gas blend perma...
Jennifer Jacobs · 2026-06-25 · via Moneywatch - CBSNews.com

/ CBS News

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The Trump administration intends to ask Congress to allow E15, an ethanol-gas blend, to be sold at the pumps year-round, a U.S. official familiar with the matter told CBS News. 

The 15% ethanol blend is usually only available part of the year under a waiver from the Environmental Protection Agency as temperatures rise to help ease high gas prices. The administration plans to make the request when it submits a supplemental funding request to lawmakers, the official said.

Several requests on budget matters and non-budgetary matters were scheduled to be sent to the Hill on Wednesday. 

A lower 10% ethanol blend is sold all year, but the 15% blend is subject to waivers because gas with the higher ethanol content evaporates more quickly in hot weather and contributes to higher levels of air pollution or smog. For this reason, federal rules normally require switching back to more costly blends. 

The move to make E15 available year-round represents the White House's latest effort to tame gas prices that have risen because of the war with Iran. President Trump repeatedly said on the campaign trail that he supported making E15 available year-round.

It was unclear if the proposal would have the votes to pass. 

Lawmakers from corn-growing states and other proponents of E15 argue the blend gives drivers a cheaper option at the gas pump and creates rural jobs. 

E15 prices are generally about 25 cents per gallon lower than regular gas, according to the Renewable Fuels Association. The White House has said E15 can collectively over $20 billion in annual fuel costs.

The Trump administration in March this year temporarily lifted gasoline regulations with emergency fuel waivers to allow refiners and retailers to sell E15 gasoline during a period ahead of and during the summer driving season.

In:

Energy analysts weigh in on gas prices

Returning to pre-Iran war gas prices could take awhile, energy analyst says 09:15

Returning to pre-Iran war gas prices could take awhile, energy analyst says

(09:15)