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Gas Will Go Up

Gas Will Go Up

New rules from the EPA will make gasoline better for the environment but worse for your wallet.

The Environmental Protection Agency is putting these new rules in place today to cut sulfur from gas 67 percent by 2017, or about 10 parts per million from 30 parts per million as it is today.

Oil refiners are fighting the new rules, complaining that this will force them to install new sulfur-cleaning equipment that will cost them a lot of money. Supporters say the new rules are the most significant public health achievement of President Obama's second term.

Bottom line - the EPA predicts gas prices will go up two-thirds of a cent per gallon, and new cars will cost an additional $75.

--Rob Archer

 

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