EPA reveals yet another round of fuel standards they casually estimate will raise gas prices by only one cent per gallon « Hot Air: "Well, it certainly is difficult to argue with that kind of math — and don’t they know it. The EPA, however, is notoriously nebulous with how they conduct their cost-benefit analyses, consistently putting a particular emphasis on only one side of the equation. When you track these changes all the way down the economic food chain, “only” one cent per gallon added on to the price of gasoline certainly isn’t nothing, and the adamantly opposed oil industry estimates that the added costs will actually come out a lot higher than that. Sure, they’ve got their interests to protect, but let’s not deceive ourselves into thinking the EPA is doing this out of the politically indifferent auspices of their pure hearts, either — and seeing how “government estimates” usually go, I’m inclined to lean toward the pricier estimate."
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