More pain at the pump. Another 9 cents more for a gallon of gas when the average price is already $3.62 according to gas buddy.
New regulations to be announced by the Environmental Protection Agency Friday are set to push the already-high price of gas up by a further 9 cents a gallon, petroleum industry experts are warning.
“There is a tsunami of federal regulations coming out of the EPA that could put upward pressure on gasoline prices. EPA’s proposed fuel regulations are the latest example,” Bob Greco, director of the American Petroleum Institute Downstream Group, told Newsmax.
The regulations, aimed at reducing the amount of sulfur emissions, will add as much as 9 cents, according to industry experts, although the administration insisted the cost at the pump would be lower.
Congressional Republicans lashed out at the new regulations.
“The Obama administration cannot be more out of touch,” GOP Rep. Ed Whitfield of Kentucky, chairman of a House Energy subcommittee, told Newsmax. “With hard-pressed families already struggling to afford each fill-up, Congress needs to take a hard look at any new EPA regulation that may raise the price at the pump.
“This is just another example of an overzealous EPA,” Whitfield said.
The EPA says the rules are needed because high sulfur content reduces the effectiveness of catalytic converters, causing more emissions to be released into the air.