Anyone familiar with President Obama’s position of energy understands that he is not dismayed by higher energy costs. His infamous quip that electricity prices would “necessarily skyrocket” under his plan of a cap and trade system still rings in our ears.
Consumers are also well aware that gas prices have more or less doubled since Obama took office and it appears prices may continue to rise, if the Environmental Protection Agency (EPA) has its say.
According to the Wall Street Journal, the Obama administration is moving forward with tough new standards to cut pollution from cars, prompting an outcry from refiners who say the proposal could raise the cost of producing gasoline by nearly 10 cents a gallon.
The EPA wants to reduce the amount of sulfur in gasoline to an average of 10 parts per million, down from the current standard of 30 ppm, and says the move will cost considerably less than refiners predict.
The plan must go through public comment before becoming final, but would give environmentalists one of the top items on their wish list, as noted by the National Center for Policy Analysis.
To meet the tighter standard, 60 percent of the refineries in the United States would need to “improve” their current operations.
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