Repealing rule to curb greenhouse gas emissions will increase gas prices, Trump administration's own analysis finds [View all]

Source: CBS News

August 1, 2025 / 9:08 PM EDT


When the Environmental Protection Agency announced it would roll back regulations aimed at curbing greenhouse gas emissions — especially from motor vehicles — it touted annual savings for Americans of $54 billion. The EPA said eliminating Biden-era policies, which encouraged higher fuel efficiency standards for cars and electric vehicle adoption to limit tailpipe emissions, would enable consumers to "have affordable choices when deciding to buy a car."

But a CBS News review of the agency's own regulatory impact analysis of the proposal found that gasoline prices would increase, and nearly a half million jobs would be lost by 2035, according to data from the U.S. Energy Information Agency, which was cited in the EPA's report.

Cost of gasoline

In the EPA's July analysis, the U.S. Energy Information Administration, which collects and analyzes energy data, showed Biden-era policies that were adopted by the end of 2024 would dramatically bring down the future cost of gasoline because more consumers would be driving electric vehicles, hybrids and fuel-efficient cars that require less gas.

It is challenging to predict the future gas prices because they're subject to high uncertainty and market volatility, but under a future scenario where Biden-era policies have been revoked under the Trump administration, the EIA projects gasoline prices will continue to increase because of a higher demand for gas-powered cars and fuel.

Read more: https://www.cbsnews.com/news/epa-rule-greenhouse-gas-emissions-gas-prices/