The Heritage Foundation provides a handy map that shows the projected impact of the energy bill that the Democrats want to pass in the Senate. How does $6.50 per gallon gas grab you? Remember all the screeching from the Democrats before the election about the high price of gasoline – when it hit around $3 per gallon. Well, it appears they were shrieking and moaning because they want it higher. And if they pass this bill, it will go a lot higher. More than double.
Based on a review of the energy legislation currently before the U.S. Senate, S. 1419, including the just completed section on tax changes, the price of regular unleaded gasoline could rise from an early June national average of $3.11 per gallon to $6.40 in 2016. That is an increase of 106 percent. Analysts in the Center for Data Analysis developed this estimate and comparable ones at the state level from assumed effects of four major provisions in the legislation: mandates for increasing the biofuels content of gasoline, price decreasing effects from greater fuel efficient vehicles, price controls aimed at stopping "high" gas prices, and new taxes imposed on energy companies and wholesale gasoline.
Do go look at the impact on the state where you live. Then call your Senators and throw a serious temper tantrum. And just to add to the misery, folks, food prices will also reach new highs as more and more corn is diverted into the grossly inefficient production of ethanol.
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Mr. Blue Crab, I work with the Auto Alliance in DC and I definitel agree the bill is a bad one.
Let me offer a suggestion — rather than just calling to oppose it, call to support the Pryor-Bond-Levin-Voinovich compromise amendment. It still allows for the raising of CAFE standards, but it doesn’t impose impossible ones — it won’t kill off light trucks, to be sure. No bill is not really an option — but the amendment has support, and would make S. 1419 tolerable.
There’s a lot more info on our website about it — DriveCongress.org.