Bloomberg News

House Panel Backs Measure to Delay U.S. EPA Gasoline Rules

May 17, 2012

The U.S. House Energy and Commerce Committee approved legislation to study and delay Environmental Protection Agency rules that would affect the price of gasoline.

The committee voted 28-13 today for the bill that would prohibit the EPA from requiring reductions in greenhouse-gas emissions from refineries or use of lower polluting sulfur in gasoline while a government panel studies the effect of regulations on prices.

The EPA hasn’t proposed either regulation, and Democrats said it didn’t make sense that rules yet to be issued were already pushing prices higher.

“This is a messaging bill that’s going nowhere,” Representative Mike Doyle, a Pennsylvania Democrat, said at the meeting before the vote. “I think we all understand what we’re doing here now, because, we’re in the silly season.”

Regular gasoline at the pump, averaged nationwide, fell 0.6 cent to $3.722 a gallon yesterday, according to AAA, the lowest since Feb. 27. Gasoline is down 21.4 cents since reaching a 2012 high of $3.936 on April 4.

To contact the reporter on this story: Mark Drajem in Washington at mdrajem@bloomberg.net

To contact the editor responsible for this story: Daniel Enoch at denoch@bloomberg.net


We Almost Lost the Nasdaq
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus