• 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