P.M. BRIEFING : Higher Gasoline Prices Forecast
The nation’s air may be cleaner this summer, but Americans can expect to pay 2 cents to 10 cents a gallon extra for gasoline as a result of a new anti-pollution rule, industry analysts said today.
Analysts see the price hikes coming as a result of the Environmental Protection Agency decision last week to adopt new measures to lower the volatility of gasoline. New rules will reduce pollution in urban areas by 13%, according to the EPA. But oil analysts said pump prices may go up as the industry is forced to use more expensive additives other than the commonly used but volatile butane that currently makes up about 5% of gasoline.