$6.00/gal Gasoline?
 Jim Wooten writes in The Atlanta Journal-Constitution and opinion where he fears that Congress meddeling with the Renewable Fuels, Consumer Protection and Energy Efficiency Act of 2007 will cause gas prices to increase to $6.00/gal by 2016…
The Senate bill, grandiosely and falsely dubbed the Renewable Fuels, Consumer Protection and Energy Efficiency Act of 2007, should come with a section prohibiting price gouging — by Congress. The legislation “could result in significantly higher prices for gasoline consumers,†according to Heritage Foundation researchers. “A review of S. 1419, including the just-completed section on tax changes, reveals that the bill could increase the price of regular unleaded gasoline from $3.14 per gallon (the early May national average) to $6.40 in 2016 — a 104 percent increase,†write Heritage Foundation researchers William W. Beach and Shanea Watkins.
“Gas consumers can expect to pay between $3.16 and $3.79 a gallon for gas in 2008 after adding in the estimated impact of the Senate energy bill. By 2016, all states can expect gas prices in excess of $6. As a result of S. 1419, consumers would spend an average of $1445 more per year on gasoline in 2016 than in 2008,†they write.Â
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