EPA To Announce By Week End Plans To Temporarily Waive Restrictions On Higher-Ethanol Gasoline Blends This Summer
Portfolio Pulse from Benzinga Newsdesk
The EPA is set to announce plans by the end of the week to temporarily waive restrictions on higher-ethanol gasoline blends for the summer. This move could impact fuel prices and the ethanol market.
April 18, 2024 | 7:33 pm
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NEUTRAL IMPACT
The EPA's decision to waive restrictions on higher-ethanol gasoline blends may indirectly affect the SPY as it could influence overall market sentiment, particularly in sectors related to energy and agriculture.
While the SPY, an ETF that tracks the S&P 500, is not directly related to ethanol production or gasoline prices, changes in these areas can affect the broader market. Energy sector stocks within the S&P 500 might see some movement based on the EPA's announcement, as well as agricultural stocks due to their connection to ethanol production. However, the overall impact on SPY is likely to be moderate given its diversified nature.
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