Here comes another hit on your wallet. The, smarter than the rest of us, folks at the Environmental Protection Agency will soon require less sulfur in gasoline. They say is should add less than a penny per gallon to the cost. Others have a different opinion. Some information here.
http://news.yahoo.com/epa-taking-aim-auto-emissions-sulfur-gas-071021486--finance.htmlhttp://
Some like the new rules.
http://www.detroitnews.com/article/20130330/AUTO01/303300317/1148/rss25
What could possibly go wrong? Well, consider low sulfur diesel. The EPA mandated it.
http://epa.gov/oecaerth/civil/caa/ultralow-sulfurdieselfuel.htmlhttp://
Brought us in line with Europe. Seems the Europeans were willing to pay a higher price than the refiners were getting in the United States. Lots of empty tankers departing our shores. Winner!
http://www.theatlantic.com/business/archive/2012/01/how-did-america-become-a-net-fuel-exporter-thank-the-epa/250857/http://
Except that diesel went up a buck a gallon. 70-80 % of what we consume gets hauled by trucks, mainly diesel powered, that get around six miles per gallon.
http://www.trucking.org/Newsroom/Pages/TrucksareEssential.aspxhttp://
Wonder why your living costs are rising?
Probably won’t happen that the new low sulfur gasoline will be sold to Europe, supply and demand - that irksome reality of the market place, and our domestic prices won’t rise to European levels. Naw, that can’t happen.
Now I don’t think this is some grand conspiracy to further weaken our country and send us on the way to serfdom. No, I think it is a bunch of stuttering clusterfuck bureaucrats living in an alternative reality with no damn accountability for their actions. Your mileage may vary.
On another note, a warning from France, of all places, that will be coming, sooner or later, to our land of 401k and IRAs.
http://mondediplo.com/2013/04/01nicosia
