Tags: Global Warming | cars | global warming | gas prices

Cars and Global Warming: Will Global Warming Affect Gas Prices?

By    |   Sunday, 22 Mar 2015 07:20 AM

Concerns about global warming lead to regulations that affect gas prices. Policies that aim to reduce greenhouse-gas emissions from cars can lead to higher prices at the pump because of an increase in the cost of fuel production.

For example, cap and trade programs or laws advocated by environmental groups, control emissions by setting maximum limits on emissions.

Gas producers spend more money producing lower-carbon fuels and pass the expense onto customers. Under California’s greenhouse-gas emissions law of 2015, producers are also allowed to pay for pollution permits for the greenhouse gasses produced, but this passes on the cost to the consumer as well.

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Depending on how much the cost increases, many customers might welcome the added expense because it helps the environment. If prices become too high, some people might choose to use mass transportation services, which also reduces gas emissions overall with fewer cars on the road, according to environmental activists.

Economical methods at extracting materials to produce oil have led to lower gas prices. However, these methods have raised concerns among climate change activists who claim the techniques are harmful to the environment and human health.

Fracking and horizontal drilling are less expensive methods of extracting oil and gas than traditional methods. Companies open shale deposits through a process of injecting liquid at high pressure into rock. They were able to produce large-scale drilling operations throughout the country. The techniques helped lower gas prices beginning in 2014.

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However, environmental activists say chemicals, including hydrocarbons, from fluids used in fracking, are damaging to the environment.

The Keystone XL pipeline from Canada to Texas could lower global oil prices, but it would also increase consumption along with greenhouse gas emissions. Although researchers differ on the actual amount and its impact, environmental activists point to its effects on carbon pollution.

While increased oil production can provide consumers with lower gas prices, concerns about global warming effects can result in regulations or prevention of certain oil-producing techniques to eventually raise costs. Critics of global warming policies say that increasing the cost of energy affects other costs of living, from wage stagnation to unemployment, causing deeper economic concerns that outweigh speculations on the effects of climate change.

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Concerns about global warming lead to regulations that affect gas prices. Policies that aim to reduce greenhouse-gas emissions from cars can lead to higher prices at the pump because of an increase in the cost of fuel production.
cars, global warming, gas prices
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2015-20-22
Sunday, 22 Mar 2015 07:20 AM
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