After a refinery outage in Texas, the US EPA approves an emergency fuel waiver.

the US Environmental Protection Agency (EPA) authorised an emergency air-quality waiver through June 6 to enhance gasoline supply in East Texas.

The waiver allows higher-volatility, winter-grade gasoline to be sold in 34 Texas counties. 

To counteract soaring fuel prices, the Biden administration has released emergency oil reserves and is considering loosening smog laws across the country.

Waivers are often provided after hurricanes or other calamities that disrupt petroleum supplies across the board, rather than for outages at a single refinery, like in Texas.

They are less volatile and, hence, considered less risky compared to equity funds.  Debt mutual funds primarily invest in fixed-interest generating securities like corporate bonds.

Requests for comment from Delek went unanswered. According to its website, its modest Tyler refinery converts around 75,000 barrels of crude oil per day into gasoline, diesel, and propane.

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