Tier 3 gasoline costs

According to the US Environmental Protection Agency's latest proposal to change gasoline chemistry, the refining industry was wrong in its warnings about economic effects of a previous initiative so it must be wrong now. The assertion here is flawed, the conclusion unsound. In its Mar. 29 proposal for new vehicle-emission and gasoline standards, called Tier 3, EPA looked back to Tier 2 and said: "While there were claims at the time [2000] that the program would cause fuel prices to increase far in excess of EPA's estimates and would result in closures and fuel-supply shortages, the Tier 2 program was a success and resulted in gasoline sulfur reductions up to 90% and enabled the use o...

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