The EPA is working on new regulations that will reduce the amount of sulfur in gasoline by insignificant levels – but will increase the cost of gasoline by 25 cents a gallon.
Rich Trzupek reports that gasoline used to contain 300 part per million of sulfur. This was reduced to 30 ppm under Clinton. Lisa Jackson wants it down to 10 ppm.
If implemented, this new standard would require refineries to retrofit with new technology at an estimated initial capital cost of $17 billion and would lead to an increase in annual operating costs of $13 billion. That would translate into increased gas prices of around 15 to 25 cents per gallon for consumers.
According to EPA’s own data, sulfur dioxide emissions from gasoline amount to 36,000 tons per year, or about 0.3% of the total emitted into the air in the U.S. This is an insignificant amount of sulfur from gasoline, yet the EPA is pushing ahead to push the 10 ppm goal – forcing astronomical costs on the energy industry. But, then that’s Obama’s long-range goal: create higher gasoline prices to force Americans to use less fuel or use “alternative” fuels – that he thinks are better for us.