EPA Releases New Regulation Increasing the Price of Gasoline by 9 Cents Per Gallon
2nd April 2013
The American Petroleum Institute has said that this new sulfur regulation will increase the cost of producing gasoline by 9 cents, costs which consumers will bear. A Baker and O’Brien analysis calculates that the regulation will force refiners to spend around $10 billion to comply with the rule and an additional $2.5 annually to maintain compliance. All of this means higher gasoline prices for drivers.
‘We’re from the government, and we’re here to help. Just kidding.’