- Conflict between the US and Israel has led to attacks on Iranian targets, culminating in the closure of the Strait of Hormuz and subsequent impacts on global oil markets and tech stocks like Micron.
- Due to price surges caused by the blocking of Strait of Hormuz tanker traffic, the US EPA has allowed the use of E15 ethanol blends.
- A bill allowing the year-round sale of E15 fuel has passed, with its impact assessed by the CBO and involving agricultural partners.
- Legislature amends bills affecting agency rulemaking, alongside an expert assessment of E15 viability.
California Governor Signs Bill Allowing Sale of Fuel
- Reports
- 2
- Developments
- 2
- Repetition
- 0%
New informationRepeats or wire copies
What happened
Governor Gavin Newsom signed Senate Bill 795, the Clean-up Act, into law. This legislation clears the final regulatory hurdle for retailers to offer gasoline. is regular gasoline blended with about 15 percent ethanol, which is mostly made from corn.
From aginfo.net, theepochtimes.com
Why it matters
The law could open a major new market for ethanol. Studies cited suggest that introducing into the market could lower gasoline prices by up to $0.20 per gallon. Estimates also suggest could save California drivers at least $2.7 billion annually.
The legislature had previously amended bills affecting agency rulemaking, and a bill allowing the year-round sale of fuel had already passed.
From aginfo.net, theepochtimes.com
Who's involved
- Gavin NewsomGovernor of California who signed the legislation
- State of CaliforniaThe jurisdiction where the legislation applies
- California Air Resources BoardA clean air agency in the government of California
- California Energy CommissionA government agency involved in energy supply and resource planning
- Edison InternationalA public utility holding company potentially affected by fuel changes
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- California Air Resources BoardSpeculative
The California Air Resources Board might change fuel standard oversight due to the new sale mandate.
- California Energy CommissionSpeculative
The California Energy Commission could affect energy supply and resource planning because of the mandate.
- Edison InternationalSpeculative
Edison International may face changes in fuel sourcing and operational costs due to the mandate.
How it developed
Newest first. Tap a step to see who reported it.The signed legislation could create a potential new market for ethanol.1 source
Newsom signs bill enabling E15 fuel sales.1 source
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The entities involved
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Gavin Newsom
40th governor of California since 2019