Despite predictions of economic doom and gloom in the wake of Donald Trump's presidential election win, things are actually looking quite sunny. A revised estimate showed gross domestic product had climbed at an
annualized rate of 3 per cent, showing more growth than the professionals projected.
Part of the reason for this new trajectory is President Trump's war on excessive regulation. For instance, in response to the impact of Hurricane Harvey on the region's fuel industry, Environmental Protection Agency is
temporarily suspending some rules about gasoline production in an effort to minimize shortages around the southeast.
States from Maryland to Texas can sell winter-grade gasoline held in storage now, even though normally that type of fuel wouldn’t become available until fall, according to a federal waiver issued Wednesday. Refineries that continue to operate can also start churning out winter-grade gasoline, which emits more pollution than summer-grade gasoline when combusted in engines.