Proposed gas standards could raise prices - WREX.com – Rockford’s News Leader

Proposed gas standards could raise prices

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WASHINGTON DC (WREX) -

A new plan to reduce automobile emissions has been unveiled by President Obama's administration.

The plan will result in cleaner air, but would also mean a price increase for gas. The Environmental Protection Agency estimates the plan will reduce sulfur in gas while tightening auto emission standards in 2017. While environmentalists say consumers will only pay a penny more per gallon, the oil industry disagrees.

"At the end of the day it's billions of dollars," American Petroleum Institute Senior Economist Rayola Dougher said. "May not even sound like a lot, nine cents doesn't sound like a lot. You multiply times all those billions of gallons sold, it's billions of dollars we're talking about."

The oil industry, Republicans, and some Democrats, want the EPA to delay the rule because of the cost. A study done by the industry says gas prices would rise by six to nine cents a gallon.

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