Biden's 'symbolic' ethanol move will do little to help crunched consumers

President Joe Biden unveiled a new effort this week to lower gas prices by increasing reliance on ethanol until the fall, touting it as a way to fight inflation despite indications that the move will have a minimal impact on most people.

“I’m doing everything within my power by executive orders to bring down prices and address the Putin price hikes,” Biden said Tuesday at an event in Iowa, continuing to blame prices that began rising months ago on Russia’s recent invasion of Ukraine.