- Senior administration officials said Biden will reveal the plans later today
- The move will allow Americans to keep buying E15 fuel from June 1 until Sept 15
- It aims to lower fuel expenses amid huge price hikes and spiraling inflation
- The average price per gallon in America sits at $4.10 as of Tuesday morning
- Announcement coincides with the release of March’s consumer price index
- The Biden administration is trying to get ahead of more dire inflation news
- Jen Psaki said yesterday that headline inflation would be ‘extremely elevated’
- Last month’s report showed the consumer price index (CPI) jumped up to 7.9% in February, the biggest hike in 40 years