A New Spike at the Pump?
Another spike in gasoline prices could be around the corner. And this time it may not be caused by a major natural disaster like Katrina -- or ever-present geopolitical tensions -- but a decision made by bureaucrats in Washington. The Environmental Protection Agency has lifted a regulation that requires the presence of smog-fighting oxygenates like methyl tertiary butyl ether (MTBE) in gasoline amid questions about the additive's safety.
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