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The goal is to help automakers meet new emissions standards, increase vehicle performance and improve public health

Gasoline is about to get a whole lot cleaner as the U.S. Environmental Protection Agency (EPA) looks to reduce the amount of sulfur in fuel with a new regulation. 
According to the EPA, it's finalizing new rules that will cut the amount of sulfur in gasoline by two-thirds starting in 2017. The goal is to help automakers meet new emissions standards, increase vehicle performance and improve public health.
A vehicle's catalytic converter primarily controls emissions, but over time, sulfur in fuel can disable auto technologies that work to eliminate emissions. 
Sulfur took a massive hit in 2000 when the EPA required the amount be lowered from an average of 300 ppm (parts per million) to 30 ppm. When these new rules are finalized, that number will drop further to 10ppm nationwide by 2017. 
The EPA estimates an 80 percent reduction in emissions for cars and trucks from today’s fleet average, and a 60 percent reduction for heavy-duty vehicles.

[SOURCE: Automobile Magazine]

"These standards are a win for public health, a win for our environment, and a win for our pocketbooks," said EPA Administrator Gina McCarthy. "By working with the auto industry, health groups, and other stakeholders, we're continuing to build on the Obama Administration's broader clean fuels and vehicles efforts that cut carbon pollution, clean the air we breathe, and save families money at the pump."
Automakers like the Alliance of Automobile Manufacturers -- a trade group representing Detroit’s Big Three automakers, Toyota Motor Corp., Volkswagen AG and others -- have welcomed the rules because it lowers the cost of technologies needed to improve fuel economy and meet emissions standards. The auto industry will spend about $200 billion to double the efficiency of the fleet by 2025 to 54.5 MPG.
The program is estimated to cost less than a penny per gallon of gasoline, and about $72 per vehicle. The annual cost of the overall program in 2030 is estimated to be about $1.5 billion. 
Putting these new rules in place would also improve public health. According to the EPA, the rules will annually prevent up to 30,000 cases of respiratory ailments in children; 2,200 hospital admissions and asthma-related emergency room visits; 2,000 premature deaths, and 1.4 million lost school days and work days. 
Total health-related benefits in 2030 are estimated to be between $8 billion and $23 billion annually.

Source: U.S. Environmental Protection Agency

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By coburn_c on 3/5/2014 1:39:24 AM , Rating: 1
Canada's tar sand is the dirtiest, least efficient oil in the business. You could almost call it junk oil. It wasn't even considered an oil reserve until prices were inflated under the Bush administration.

By jbeenemd on 3/5/2014 2:09:37 AM , Rating: 1
I call BS on this. You can say the same thing about the Obama administration. Prices were never as high as they are now under Bush. The price of oil is based on more than just the current administration be it Democrat or Republican. Jezzz just chill out on the "blame Bush thing".

By Mint on 3/5/2014 4:55:05 AM , Rating: 2
Prices were higher at a point during Bush's admin, but that only confirms the underlying point you're making: we can't do jack about oil prices even if we wanted to.

Oil price is controlled by OPEC. Oil is an inelastic good, and therefore price is heavily impacted by the largest supplier's output. When the world economy tanked and consumption went down, prices plummeted (as expected), but then rose again even without a real economic recovery. Why? Because OPEC intentionally cut production.

Oil is NOT a free market. Its price is targeted by a cartel, which is illegal in any other industry, but we accept it because there's no other choice.

By superflex on 3/5/2014 12:36:53 PM , Rating: 2
we can't do jack about oil prices even if we wanted to.

You might want to study global economic history and US price controls in the 80's designed to break the Soviet Union.
The FED helped Ronnie RayGun by instituting these controls.
$20/barrel oil was a major financial disaster for the former Soviet Union.

"We basically took a look at this situation and said, this is bullshit." -- Newegg Chief Legal Officer Lee Cheng's take on patent troll Soverain

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