EPA TO TOUGHEN RVP LIMITS FOR SUMMER 1992
The U.S. Environmental Protection Agency plans further reductions in gasoline volatility for summer 1992. EPA said the new rule will reduce national emissions of volatile organic compounds (VOCs) by nearly 7% and reduce formation of smog. It estimated the tougher rule will cost refiners $464 million/year and increase retail gasoline prices by about 1 o/gal. EPA added that would be offset partially by benefits, including greater fuel economy, estimated at $234 million/year.