US EXPECTED TO APPROVE EXPANDED BIOFUEL WAIVERS AS EARLY AS MONDAY, SOURCES SAY

The Trump administration ​is expected as early as Monday to approve an expanded volume of exemptions for U.S. oil refiners ‌from biofuel blending requirements, according to two people familiar with the matter, as part of efforts to ease upward pressure on gas prices.

Farm-state lawmakers had pressed the White House not to expand the waivers above amounts flagged at the start of this year, although refiners have sought them as ​a means to lower fuel production costs. Farmers fear the waivers would reduce demand for their crops, while the ​two sides disagree on whether the expansion can actually cut gas prices significantly.

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