More gasoline price elevation due from Tier 3 regulation

A dime-a-gallon increase in the price of gasoline since mid-December has captured the attention of news media in the US, but regulations under development that could boost the price by twice that much have escaped notice. The mid-winter price rise for gasoline is unusual but not unprecedented. It occurred because the price of crude oil increased by about $10/bbl in the same period. And that happened because of optimism about the global economy and worry about unrest in North Africa and Iran. Without those upward influences, crude prices would be lower. The market has plenty of oil. What Americans should be hearing more about is imminent regulation that would raise the cost of making gasol...

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