New Obama regs for gasoline will add up to 9 cents a gallon
Because it's for the kids, don't ya know?
The new regs would remove 90% of sulfur from gasoline and tighten emission standards on cars.
An oil industry study says the proposed rule being unveiled Friday by the administration could increase gasoline prices by 6 cents to 9 cents a gallon. The Environmental Protection Agency estimates an increase of less than a penny and an additional $130 to the cost of a vehicle in 2025.
The EPA is quick to add that the change aimed at cleaning up gasoline and automobile emissions would yield billions of dollars in health benefits by 2030 by slashing smog- and soot-forming pollution. Still, the oil industry, Republicans and some Democrats have pressed the EPA to delay the rule, citing higher costs.
Environmentalists hailed the proposal as potentially the most significant in President Barack Obama's second term.
The so-called Tier 3 standards would reduce sulfur in gasoline by more than 60 percent and reduce nitrogen oxides by 80 percent, by expanding across the country a standard already in place in California. For states, the regulation would make it easier to comply with health-based standards for the main ingredient in smog and soot. For automakers, the regulation allows them to sell the same autos in all 50 states.
The Obama administration already has moved to clean up motor vehicles by adopting rules that will double fuel efficiency and putting in place the first standards to reduce the pollution from cars and trucks blamed for global warming.
"We know of no other air pollution control strategy that can achieve such substantial, cost-effective and immediate emission reductions," said Bill Becker, executive director of the National Association of Clean Air Agencies. Becker said the rule would reduce pollution equal to taking 33 million cars off the road.
But the head of American Fuel and Petrochemical Manufacturers, Charles Drevna, said in an interview Thursday that the refiners' group was still unclear on the motives behind the agency's regulation, since refining companies already have spent $10 billion to reduce sulfur by 90 percent. The additional cuts, while smaller, will cost just as much, Drevna said, and the energy needed for the additional refining actually could increase carbon pollution by 1 percent to 2 percent.
"I haven't seen an EPA rule on fuels that has come out since 1995 that hasn't said it would cost only a penny or two more," Drevna said.
Is this a government operation or what? Sulfur has already been reduced by 90% and the government wants refiners to remove 90% of the last 10% - at great cost and with an increase in carbon pollution. And would't you love to see how they arrived at "billions of dollars" in health care savings over the next 20 years if we go through with this? They can get away with saying crap like that because nobody is going to go back and check in 2030 what they said.
Obama may not raise taxes on the Middle Class, but it's regulations like these that will sock it to those least able to afford an increase in fuel costs.