The president has asked Congress to take action to sell off the nations fuel supply, and the Senate has already passed a bill that would make that happen.
In a letter to lawmakers last week, the secretary of transportation said the government would buy more than 3 billion gallons of gasoline a year, with the remaining proceeds going toward the National Highway Traffic Safety Administration’s (NHTSA) program to develop safer fuel vehicles.
The agency is already struggling to find new suppliers for gasoline.
The letter said the program would help the agency “increase the nation ‘s overall fuel efficiency and reduce fuel consumption in fuel-efficient vehicles.”
The administration’s letter to Congress says the administration is willing to negotiate to sell all or part of the fuel supply.
That would save the government $4.8 billion, according to the letter.
In its letter to the Senate, the NHTSA said it expects to make the sale of the nation s fuel supply “in the first half of 2020.”
The agency would sell off about 1.7 billion gallons a year of gasoline, including more than 600 million gallons of ethanol.
The ethanol program has been a boon for the ethanol industry.
Since 2014, the ethanol market has grown nearly 50% annually, with an estimated $16 billion in sales in the first nine months of this year alone.
NHTSC’s ethanol program accounts for about 12% of the country s gasoline sales.
That means about $1.2 billion would be saved from the fuel purchase program.
The NHTSB is also seeking $1 billion to expand its ethanol program and the sale process to include a third-party buyer, a process the agency says it is working on.
The proposal also calls for a $1 million grant for ethanol projects across the country.
N.H. House approves ethanol tax credits, new fuel prices The Senate has approved a measure to allow states to use up to $1,000 per person for fuel subsidies.
That money would go toward the purchase of fuel for transportation, and to subsidize the purchase price of gasoline.
New York Gov.
Andrew Cuomo (D) has already signed on as an investor in the initiative, and he has said he would use the money to help the nation find more efficient vehicles.
As for the tax credits themselves, the Senate approved the measure Thursday by a vote of 58 to 44.
The measure would also allow for the purchase or use of fuel subsidies in other states, as long as those states are also able to meet certain criteria.
New Jersey, California, and Delaware are among the other states that have already approved their own fuel subsidies through the program.
New Mexico and Illinois also have the ability to use the subsidies for the same purposes.
Senate passes fuel subsidies bill The Senate voted 51 to 45 Thursday to pass a bill to authorize the federal government to purchase up to 2.5 billion gallons per year of fuel from the National Fuel Bank.
The bill passed the House last week by a voice vote of 227 to 205.
The money would help cover costs of the federal program to purchase fuel from foreign countries, and would also pay for fuel storage in the nation at the end of the program’s duration.
The legislation would also give states a say over how the funds are used.
The program, which is already funded through the National Petroleum Council (NPC), is set to expire in 2024, and lawmakers are hopeful it will be renewed through the 2020s.
The Senate is also looking to increase fuel taxes on diesel and gasoline.
Those taxes are set to increase by 1.75 cents per gallon from 2020 to 2021.
The National Petroleum Institute has said the bill is “designed to keep fuel prices low enough to support the nation, but not too high that it will create a financial burden on small business owners.”
The Senate vote Thursday was a reversal of last year’s vote that gave the oil and gas industry the ability the money it needed to purchase a large number of ethanol plants in the country, which would have required an additional $1 trillion in tax credits.
The oil and natural gas industry has repeatedly argued that the ethanol program will make them more profitable, and have been lobbying for Congress to give them a say.
They have also said that their tax credits are not meant to cover the cost of fuel.
The NRSC has previously said that it is not opposed to the program for its economic benefits, but that the program is “unnecessarily bloated and overreaching.”
The NRSA has said that the fuel program is an important part of protecting the environment and is a way to help address the “significant climate change impact of the U.S. oil and petroleum industry.”
NHTS has previously warned that the cost to consumers will increase if Congress gives the program a tax break.
But the oil industry and its allies in the House and Senate have pushed the bill through because they believe that the tax breaks will spur private investment and job creation in the U,S.