White House pushes for more refinery waivers to ease pump prices

The White House asked federal environmental regulators to permit small oil refineries to blend less biofuel into gasoline and diesel than initially projected, aiming to ease pump prices. The change implies near-term supply of blended fuels could be less constrained than planned, but it introduces regulatory-policy uncertainty for compliance and biofuel demand. Likely to modestly move energy and biofuel-related expectations around costs and volumes.