The Obama administration is today having the EPA lay out major new rules for cleaner gasoline with less sulfur.  Big energy companies are screaming it will "dramatically" raise the price of fuel by 9 cents a gallon, the reality is it'll add less than a penny and be the equivalent of taking about 12% of the nation's 250 million plus cars off the roads in reducing emissions.

While gasoline sulfur itself does not pose a public health threat, it hampers the effectiveness of catalytic converters, which in turn leads to greater tailpipe emissions. These emissions — nitrogen oxides, volatile organic compounds, carbon monoxide and fine particles — contribute to smog and soot, which can cause respiratory and heart disease.

The proposed standards were first reported by The Washington Post on Thursday afternoon and confirmed by the administration Thursday night.

The regulations are supported by environmental advocates, state regulators and even automobile companies, who would prefer uniform sulfur standards for fuel nationwide. But oil industry officials and their congressional allies say it will cost up to $10 billion to upgrade refineries and an additional $2.4 billion in annual operating costs.

Both public health advocates and the administration say the ultimate cost would be much lower because of provisions giving refiners flexibility in complying with the standards. The EPA estimates annual health benefits of up to $23 billion by 2030.

The agency surveyed 111 U.S. refineries and found 29 already can meet the sulfur standard or come close to it, 66 can reach it with modest modifications and 16 would require a major overhaul.
Time to invest those record tens of billions in profits back in your businesses and into the health of your customers, energy companies.  Of course, Big Oil knows it can jack up the prices whenever it feels like and they can continue being the most profitable companies on Earth, so I have no sympathy for them.

But the Obama EPA is doing the right thing here for all of us.  More of this, please.