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Date published: 5/29/2008
WASHINGTON-- Millions of vacationers paid record prices for gasoline as they hit the roads on Memorial Day weekend, and only those who've been in the sun too long would like to see prices climb even higher. Yet several members of Congress seem determinedThey're trying to pass a bill that would raise pump prices. Why? Because they think it would force people to use less. The America's Climate Security Act, sponsored by Sens. Joseph Lieberman and John Warner, would also increase electricity and natural gas costs, all in the name of supposedly fighting global warming. The bill, scheduled to be debated in the Senate on June 2, essentially places limits on the amount of gasoline and other fossil fuels Americans can use. The aim is to cut our emissions of carbon dioxide, which is blamed for warming the planet. Once the provisions take effect in 2012, prices would have to rise A recent study by The Heritage Foundation estimates a cost increase of at least 29 percent by 2030, or $1.10 per gallon based on current gasoline prices. The Environmental Protection Agency is a bit less pessimistic, estimating a price boost of 53 cents per gallon And these estimates are in addition to everything else that may drive prices higher in the years ahead. The impact could be far worse. Consider Western Europe, If $8 isn't high enough to reduce emissions there, what will it take here? In truth, nobody knows for sure how much prices would rise here if we adopted the European-style energy regulations in the Lieberman-Warner bill. But if
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