EPA Issues Emergency Fuel Waiver to Address Midwest Shortages

August 1, 2024 Stu Turley Downstream, Energy Crisis, Energy Regulations, Gasoline, Top News, US Energy News

The EPA issued an emergency waiver of fuel rules in four Midwest states to address shortages tied to a power outage at an Exxon Mobil Corp. refinery in Joliet, Illinois.

  • The order waives Reid vapor pressure and reformulated gasoline requirements in Illinois, Indiana, Michigan and Wisconsin through Aug. 20
  • The move follows a request by governors and after EPA said it had concluded, along with the Energy Department, that it is “necessary and appropriate to take action to minimize or prevent disruption of an adequate supply of gasoline to consumers”
  • NOTE: A tornado hit transmission lines serving the facility on July 15, triggering the outage
  • NOTE: Gasoline prices in Chicago have rebounded to the highest since November 2022
  • Exxon didn’t immediately respond to request for comment about current status of refinery restart

Source: Bloomberg

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About Stu Turley 3984 Articles
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.

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