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GasBuddy News Article

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Climate law seen raising gasoline 13 cents a gallon

Reuters -- U.S. climate legislation would hike gasoline prices about 13 cents a gallon as oil companies push the price of carbon permits on to consumers, according to report by Point Carbon, an independent consulting company that tracks global carbon and energy markets.

The analysts did not share the oil industry's view that a U.S. cap-and-trade system to curb greenhouse gas emissions would decimate demand for gasoline and force large numbers of refineries to shut down.

Climate legislation being debated in the Senate after passing in the House of Representatives narrowly in June would force big polluters to hold carbon credits for every tonne of carbon they emit.


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Submitted Nov 03, 2009 By: ziyulu
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Author Topic: Climate law seen raising gasoline 13 cents a gallon Post a Reply Back to Topics
REPLIES (newest first)
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skybiker Car icon
Champion Author South Carolina

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Message Posted: Nov 4, 2009 10:46:52 AM

More like 50 cents I'll bet...
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Champion Author Calgary

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Points:852,530
Joined:Jan 2007
Message Posted: Nov 4, 2009 7:23:15 AM

the only way to conserve, raise up the price of the gas...
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ops3 Car icon
All-Star Author Cincinnati

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Message Posted: Nov 4, 2009 12:39:34 AM

The govt wants everybody to walk; except them
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007HS Car icon
Champion Author California

Posts:6,909
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Message Posted: Nov 4, 2009 12:11:47 AM

Gosh, somebody wants to have a decent profit margin. And CO2 IS NOT a terrible thing, ask a tree.
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250FORD Car icon
Champion Author Minnesota

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Message Posted: Nov 4, 2009 12:07:47 AM

Hold on a second, I thought this was supposed to nearly double the cost of gas. I guess some people are up to their normal exagerations.
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greenfog Car icon
All-Star Author Illinois

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Message Posted: Nov 4, 2009 12:06:23 AM

they keep this up and there won't be anyone left to pay their stupid a$$ taxes. washington had better wake up and get the country back on its feet before they starting screwing with stuff that will shut it down again.
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Champion Author Ohio

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Message Posted: Nov 4, 2009 12:02:36 AM

looks like some power gererating plants will just have to shut down since they are not allowe3d to pass on the costs to the customers like the oil companys can.
if we are still around in 2012 most all dems will be out on their buts !
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Champion Author Illinois

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Message Posted: Nov 3, 2009 11:59:27 PM

Anything to charge us more money!!
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Champion Author Florida

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Message Posted: Nov 3, 2009 11:57:47 PM

ANY EXCUSE FOR THE GREED STAMPEDE TO REAR IT'S UGLY HEAD.
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Champion Author West Virginia

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Message Posted: Nov 3, 2009 11:40:58 PM

We are taxed to death already.
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Champion Author Kentucky

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Message Posted: Nov 3, 2009 11:38:58 PM

Easily done if...they'll keep prices reasonable...
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Champion Author Chicago

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Message Posted: Nov 3, 2009 11:36:38 PM

Al Gore is the greatest President that the REpublicans ever stole an election form.
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Champion Author Lansing

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Message Posted: Nov 3, 2009 11:32:16 PM

I think we are dreaming if we think it is only going to be 13 cents. It is a scheme to bring revenue to the government so they can waste it on pork. Gore is a poor excuse for a polotician and he knows nothing about what he speaks on involved with the environment. If he believed his own rhetoric he would live a lot more modestly.
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Champion Author Arizona

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Message Posted: Nov 3, 2009 11:28:54 PM

of course All of that crap that Al Gore has force fed for way too many reason.
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Champion Author Ottawa

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Message Posted: Nov 3, 2009 11:28:40 PM

Saving the world ain't free.
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Champion Author St. Louis

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Message Posted: Nov 3, 2009 11:24:48 PM

Thank that bum Gore!
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Champion Author Los Angeles

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Message Posted: Nov 3, 2009 11:24:42 PM

Excellent post by CobraLeader. The election results are reflections of voters' opinions on the new prez's agenda and poor performances.
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Champion Author Omaha

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Message Posted: Nov 3, 2009 11:23:18 PM

this is nothing wait for the 600 dollar annual increase in Electricity
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Champion Author Lexington

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Message Posted: Nov 3, 2009 11:22:57 PM

We will all be paying big time for this law.
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Champion Author Toledo

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Message Posted: Nov 3, 2009 11:21:32 PM

anyone who doesnt think we need a
change from the current administration
has their head in the sand or is
delusional
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Champion Author Ohio

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Message Posted: Nov 3, 2009 11:18:40 PM

even O'Bummer admitted Cap and Trade would send energy prices "SKYROCKETING"...this was his word. I hope he looks at what happened in NJ and VA last nite--the voters are telling him LOUD AND CLEAR they do NOT like his Marxist / Socialist agenda.
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Champion Author Orlando

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Message Posted: Nov 3, 2009 11:17:59 PM

TBONE3, I agree, but did you ever meet an honest politician? I doubt it since none exist.
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Champion Author Toledo

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Message Posted: Nov 3, 2009 11:15:25 PM

If government gets more money then they will get to spend it not us. I would like to have the choice of where my money goes.
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Champion Author Pennsylvania

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Message Posted: Nov 3, 2009 11:15:12 PM

Without a job, I'm not doing a lot of driving, so tht's another 13-cents/gal I won't be paying....

Wasn't it about a decade ago that everyone was spouting "It's the economy, stupid" when talking politics? Yeah, how did the economy treat your fellow party members during the 2009 elections, Obama? The writing is on the wall. Unfortunately, it will take years to undo the mess that he is creating now.
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Champion Author Pennsylvania

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Message Posted: Nov 3, 2009 11:14:50 PM

Do you politicians want to take a chance on this Carbon Tax after seeing just how PO'ed the electorate is at you guys? You all could be next.
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Champion Author New Jersey

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Message Posted: Nov 3, 2009 11:10:41 PM


As a reminder Mr. President, look what happened to your protege New Jersey governor at the polls yesterday. By the way, the President campaigned for and did commercials for Jon Corzine and he LOST by 5%. Now we have the first Republican governor since Christie Whitman.
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Champion Author Kentucky

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Message Posted: Nov 3, 2009 11:10:13 PM

If this passes your home heating and cooling will go up too.
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Champion Author Atlanta

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Message Posted: Nov 3, 2009 11:09:49 PM

Speculators beware...
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Champion Author Houston

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Message Posted: Nov 3, 2009 11:09:21 PM

WillCody wrote:

>Are we just now realizing that "cap & trade" really
>does mean "cap & TAX"?

No taxes are involved as the US Treasury is planning to give away the pollution permits.
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Champion Author South Carolina

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Message Posted: Nov 3, 2009 11:08:38 PM

Once again, we the people get screwed. Vote them all out in 2010!
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All-Star Author California

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Message Posted: Nov 3, 2009 11:08:26 PM

Destroying America one step at a time!
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Champion Author Lexington

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Message Posted: Nov 3, 2009 11:08:24 PM

This dirty conniving law will do nothing but cost every taxpayer because of political dirty work by Obama and the entire democratic congress.
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Champion Author New Jersey

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Message Posted: Nov 3, 2009 11:06:05 PM


Another bad law passed by a bad congress and a worse president.

Let's work on unemployment and jobs first!
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Champion Author Ontario

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Message Posted: Nov 3, 2009 11:04:16 PM

they have to get their tax money some how....
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Champion Author Oklahoma City

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Message Posted: Nov 3, 2009 11:02:19 PM

They want to tax by the mile driven to go along with it.
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rodzilla123 Car icon
All-Star Author San Diego

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Message Posted: Nov 3, 2009 11:00:20 PM

I Promice you. The Crap and Tax bill will add much more than 13 cents to every gallon of gas. But besides that it will add more to every drop of energy used everywhere. Rubber and all plastic products will jump 2 or 3 times, literally everything will go up, that is, everything but wages.... Sooo... Hows that Change you can Believe in doing for you?????
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Champion Author Dayton

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Message Posted: Nov 3, 2009 10:51:32 PM

it'll be a lot more than that
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Champion Author Illinois

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Message Posted: Nov 3, 2009 10:48:41 PM

cap and trade is another obama lib way of taking our money
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Champion Author Ohio

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Message Posted: Nov 3, 2009 10:47:36 PM

we NEED to stop Cap and Trade--a similar candidate supporting it was DEFEATED in COAL COUNTRY in Virginia today.
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All-Star Author Orange County

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Message Posted: Nov 3, 2009 10:45:54 PM

just more money to take out our pockets.
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Champion Author New York

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Message Posted: Nov 3, 2009 10:42:02 PM

Z51Corvette,,,more like no cap on tax!
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Champion Author Austin

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Message Posted: Nov 3, 2009 10:40:52 PM

This is a bunch of BS... Why don't you try and tax a Volcano after it erupts. Simply ludicrous! So why is Ethanol being FORCED upon the American public! No answers... Well how's this one... it wasn't selling and the government's funding of the corn growers needed some DOLLARS... So they created the demand by MAKING US use it. It is bad stuff and will cause us to use more oil than before, as it is a negative energy source.
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Champion Author Austin

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Message Posted: Nov 3, 2009 10:34:15 PM

Are we just now realizing that "cap & trade" really does mean "cap & TAX"?
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Champion Author Tallahassee

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Message Posted: Nov 3, 2009 10:33:03 PM

In contrast non-carbon fuel and electricity generated by non-carbon fuel (hydro, wind, solar, geothermal, nuclear) should be incredibly cheap since their producers will qualify for carbon credits they can sell.
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Champion Author Gary

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Message Posted: Nov 3, 2009 10:31:37 PM

I'll second the comment BartBuzz.
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Champion Author Atlanta

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Message Posted: Nov 3, 2009 10:29:49 PM

Thank you President Obama. In fact we'll show you how much when the 2010 midterm elections roll around. The Virginia and New Jersey election results are just the beginning.

Keep conserving.
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All-Star Author New York

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Message Posted: Nov 3, 2009 10:28:03 PM

Sounds good on the surface, but what does it really mean?
Exactly how will this affect the consumer & big oil.
Nothing is ever fully explained by the powers that be.
Answers are given that leave many questions.
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Champion Author Idaho

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Message Posted: Nov 3, 2009 10:25:57 PM

If you have enough money to buy carbon credits, you can pollute as much as you want.
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Champion Author Ontario

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Message Posted: Nov 3, 2009 10:18:46 PM

a complete sham.
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All-Star Author Georgia

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Message Posted: Nov 3, 2009 10:12:49 PM

That is a bad idea. Why make everybody mad for no real reason.
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