Blogs - Blogs
Lieberman Warner Effects on Gas Prices
June 5, 2008

 

Lieberman Warner Effects on Gas Prices

 
  • The independent analysis by Science Applications International Corporation (SAIC) predicts gasoline prices will increase between 60% and 144% by 2030.
 
  • The EPA estimates that the Lieberman Warner bill will increase fuel costs an additional 53 cents per gallon by 2030 and by $1.40 by 2050. 
 
  • An independent study by NERA estimates that the price of motor fuel will rise by 48 cents per gallon by 2030.
 
  • The Energy Information Agency (EIA) estimates gas prices will increase anywhere from 41 cents per gallon to $1.01 per gallon by 2030. 
 
  • Gas prices will rise under this bill.  Whether it’s an additional $1.40 as predicted by EPA or more than $5.00 as predicted by SAIC, Americans will be paying more for gas under Lieberman Warner.
 
  • According to the Energy Information Agency (EIA) the average American consumes 500 gallons of gasoline every year and the average vehicle is driven more than 12,000 miles per year.  At $4.00 a gallon, people are spending $2000 a year on gas.
 
  • People drive much more in rural states like Oklahoma, North Dakota and Montana than in urban states like New York and Connecticut. 
 
  • Lieberman Warner’s high gas prices will be especially punitive on America’s lower income families and those with fixed incomes. 
 
  • The world demand for fuel is continuing to rise dramatically, and shows little evidence of slowing. 
 
  • According to the Heritage Foundation, the Lieberman-Warner bill will produce “very little change in global temperature,” perhaps even less than .07 degrees Celsius. However, if passed, the amendment to the original bill could harm American citizens financially

###





Majority Office
410 Dirksen Senate Office Bldg.Washington, DC 20510-6175
phone: 202-224-8832
Minority Office
456 Dirksen Senate Office Bldg.Washington, DC 20510-6175
phone: 202-224-6176