The EPA wants to restrict the sulfur content of gasoline by two-thirds. According to refiners this cut, from 30 to 10 parts per million, will cost $10 billion in capital improvements… a cost that will be passed down to the consumer possibly raising the cost of gasoline by 6-8 cents.
The sulfur content cut will increase the effectiveness of catalytic converters on cars.
What bothers me about this change is that it has been tabled for 15 months in order to avoid the presidential campaign and election. If they feared that the regulation couldn’t survive the scrutiny of an election then perhaps it’s not worth the economic toll it may impose. I wish there was some concrete way to means-test all the regulations that come from the EPA.