The worst thing we can do during this “fake” recovery is to raise gasoline prices because of needless regulations but that is exactly what the Obama administration plans to do.
We wrote about this story on January 22, 2012. “The proposal would require the sulfur content in gasoline to drop from 30 parts per million to 10 parts per million — according to six senators that have sent a letter to EPA Administrator, Lisa Jackson. “
At that time it was only a proposal but now “the EPA says it expects to issue the so-called Tier 3 emission and fuel standards in March” (USA Today).
That very same USA Today article tries to fact check and debunk Gingrich’s claim that EPA regulations would raise gasoline prices by 25 cents. They say :
Bottom line: We won’t know until the EPA announces its Tier 3 proposal in March what the agency will do and how much it could potentially cost. There’s agreement that the EPA will do something and that it will cost more, but how much more is in dispute.
So they admit prices would go up but don’t know by how much. Gingrich cited the maximum figure of 25 cents but the minimal figure of the study still says it would go up by 12 cents. 12 cents to 25 cents is still a lot of money to be adding onto every gallon of gas. Liberals act like we need to significantly harm our standard of living because of the environment. Besides, since when is a Government projection ever right to begin with?