Environmental regulations could add 60 cents per gallon to gas cost (2005 story)

Regis Philbin · Jul 11th, 2006, 06:56 PM

http://www.msnbc.msn.com/id/10533856/from/ET/

Quote:

Gas prices may surge on 2006 green rules

Dec 19, 2005

Strict regulations could impact pump costs by 60 cents, industry expert says

NEW YORK - U.S. consumers recovering from record high gasoline costs last summer may now face a nearly 60-cent price surge next year because of stricter environmental regulations, an industry expert said.

The introduction of lower sulfur requirements for gasoline and diesel combined with a shift in gasoline additives could reduce supplies and create problems for refiners trying to produce fuel to meet the new specifications, according to analyst Trilby Lundberg.

"We expect 2006's price surge to be less severe than 2005's, but more severe than any other year on record," Lundberg said in a report. "While we don't expect retail gasoline to revisit the $3 level in 2006, we do expect a 57 cent hike by July."

Motorists in the world's biggest oil consuming nation saw average gasoline pump prices spike to $3.00 a gallon in September after hurricanes Katrina and Rita shut U.S. Gulf Coast refineries. Prices have fallen to around $2.20 a gallon since then as plants restored operations.

But starting Jan. 1, refiners will begin cutting sulfur content in gasoline according to regulations from the U.S. Environmental Protection Agency (EPA). This will be followed by the gradual phasing in of ultra low sulfur diesel requirements beginning in June.

**pinky** · Jul 11th, 2006, 09:23 PM

Where, exactly, are gas prices $2.20 per gallon? Around here, it's still very close to $3.00.

And I'm impressed by the fact that this analyst can pinpoint the expected increase to $.57 per gallon. Usually, an increase will be predicted in terms of "around" 50 to 60 cents. Does he know something we don't?

**pinky** · Jul 11th, 2006, 09:32 PM

Ah, yes, this is old news, from December. But gas wasn't $2.20 then, either.

SparkleHugs · Jul 11th, 2006, 11:18 PM

gas is still well over 3 dollars here, and i wouldnt mind 60 cents of that going to an environmental regulation, i do mind it going into someones pocket.

**db44** · Jul 12th, 2006, 06:37 AM

It'll only go up 60 cents 'cause the companies will tax on a few extra cents. If it were a strictly environmental move, I'd be all for it. I'd be happy baying $3 a gallon, if the money wasn't going to the oil barrons.

*Candy* · Jul 12th, 2006, 06:01 PM

Gas here is still $2.99 per gallon. And you know what, Id much rather pay $4 per gallon if it ment that the planet would be less violated by our over consumption. Its the only planet we have after all, better take care of it before we choke on our own dirty automotive waste.

**db44** · Jul 12th, 2006, 06:34 PM

We have other planets, we're just dragging our feet getting to them.

**pinky** · Jul 12th, 2006, 09:20 PM

We've already left trash on the moon.

Jul 11th, 2006, 11:18 PM	#4
SparkleHugs Registered User Join Date: Apr 2001 Location: i forget. care to give me directions? Posts: 14,671	gas is still well over 3 dollars here, and i wouldnt mind 60 cents of that going to an environmental regulation, i do mind it going into someones pocket. __________________ America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves. --Abraham Lincoln I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones. --Albert Einstein

Jul 12th, 2006, 06:37 AM	#5
db44 Shark bait, OOH-HA-HA! Join Date: Oct 2000 Location: Not in Kansas anymore!!! Posts: 20,747	It'll only go up 60 cents 'cause the companies will tax on a few extra cents. If it were a strictly environmental move, I'd be all for it. I'd be happy baying $3 a gallon, if the money wasn't going to the oil barrons. __________________ In the end, only kindness matters.

Jul 12th, 2006, 06:01 PM	#6
Candy Registered User Join Date: May 2002 Location: A big ole' Chruch with a population of 2 mill. mostly mormon ppl,a.k.a UT Posts: 7,488	Gas here is still $2.99 per gallon. And you know what, Id much rather pay $4 per gallon if it ment that the planet would be less violated by our over consumption. Its the only planet we have after all, better take care of it before we choke on our own dirty automotive waste. __________________ “People are poor because they are lazy.”- George W. Bush, 1973 www.myspace.com/kaotickandy

Jul 12th, 2006, 06:34 PM	#7
db44 Shark bait, OOH-HA-HA! Join Date: Oct 2000 Location: Not in Kansas anymore!!! Posts: 20,747	We have other planets, we're just dragging our feet getting to them. __________________ In the end, only kindness matters.

Jul 11th, 2006, 09:23 PM	#2
pinky Spoiler of All Fun Moderator Join Date: Aug 1999 Location: It's JERSEY, not Joisey Posts: 22,190	Where, exactly, are gas prices $2.20 per gallon? Around here, it's still very close to $3.00. And I'm impressed by the fact that this analyst can pinpoint the expected increase to $.57 per gallon. Usually, an increase will be predicted in terms of "around" 50 to 60 cents. Does he know something we don't?

Jul 11th, 2006, 09:32 PM	#3
pinky Spoiler of All Fun Moderator Join Date: Aug 1999 Location: It's JERSEY, not Joisey Posts: 22,190	Ah, yes, this is old news, from December. But gas wasn't $2.20 then, either.

Jul 12th, 2006, 09:20 PM	#8
pinky Spoiler of All Fun Moderator Join Date: Aug 1999 Location: It's JERSEY, not Joisey Posts: 22,190	We've already left trash on the moon.