EPA Plans to Require Cleaner Gas

March 29, 2013 02:35 AM
 
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Rule delayed until after presidential election

NOTE: This column is copyrighted material, therefore reproduction or retransmission is prohibited under U.S. copyright laws.


Another sign of a more aggressive environmental stance in President Obama's second term comes amid plans for tough new standards to cut pollution from cars, despite complaints from refiners who say the proposal could raise the cost of producing gasoline by nearly 10 cents per gallon. The EPA disputes that assessment, saying the rule will cost considerably less. The proposed standards would add less than a penny a gallon to the cost of gasoline while delivering an environmental benefit akin to taking 33 million cars off the road, according to a senior administration official.

The proposal has been ready for about 15 months but was delayed until after the presidential election.

The plan: reduce the amount of sulfur in gasoline to an average of 10 parts per million, down from the current standard of 30 ppm. A public comment period will follow. The American Petroleum Institute, which represents refiners, says the standards would cost $10 billion in up front capital expenditures and an additional $2.4 billion in annual compliance costs. The standards would ultimately raise the price of producing gasoline by up to nine cents per gallon, the institute says, and that extra cost would likely be passed on to consumers.

The proposed standards were first reported by the Washington Post on Thursday afternoon and confirmed by the administration Thursday night.


Comments: This regulatory proposal is another example in a likely long list ahead for more regulatory rules and announcements by the Obama administration.



NOTE: This column is copyrighted material, therefore reproduction or retransmission is prohibited under U.S. copyright laws.


 


 

 

 

 

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