Advertisement
Canada markets open in 9 hours 5 minutes
  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     
  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     
  • DOW

    38,085.80
    -375.12 (-0.98%)
     
  • CAD/USD

    0.7323
    +0.0000 (+0.00%)
     
  • CRUDE OIL

    83.85
    +0.28 (+0.34%)
     
  • Bitcoin CAD

    87,746.27
    +174.36 (+0.20%)
     
  • CMC Crypto 200

    1,388.86
    +6.28 (+0.45%)
     
  • GOLD FUTURES

    2,347.30
    +4.80 (+0.20%)
     
  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     
  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     
  • NASDAQ futures

    17,766.50
    +199.00 (+1.13%)
     
  • VOLATILITY

    15.37
    -15.97 (-50.96%)
     
  • FTSE

    8,078.86
    +38.48 (+0.48%)
     
  • NIKKEI 225

    37,894.14
    +265.66 (+0.71%)
     
  • CAD/EUR

    0.6827
    +0.0006 (+0.09%)
     

White House weighing waiving smog rules on gasoline to lower pump price - sources

By Jarrett Renshaw and Stephanie Kelly

May 23 (Reuters) - The White House is considering waiving U.S. gasoline environmental rules aimed at reducing summertime smog as a way to combat rising pump prices, according to three sources involved in the discussions.

Refiners and blenders are required to avoid lower-cost components like butane in summer gasoline, but the White House is weighing suspending that rule to help lower fuel costs. The components help elevate gasoline's reid vapor pressure, which contributes to smog at higher levels.

No final decision has been made, the sources said. (Reporting By Jarrett Renshaw and Stephanie Kelly; Editing by Richard Chang)