The Obama Environmental Protection Agency recently slashed the maximum allowable sulfur content in gasoline from 30 parts per million to 10 ppm. The agency claims its new “Tier 3” rule will bring $7 billion to $19 billion in annual health benefits by 2030. “These standards are a win for public health, a win for our environment and a win for our pocketbooks,” EPA Administrator Gina McCarthy insists.
It’s all hokum. Like all too many rules emanating from EPA these days, the gasoline regulations are a case study in how America’s economy, jobs, living standards, health, and welfare are being pummeled by secretive, deceptive, and indeed fraudulent and corrupt government practices.