A rising gas price will force gas stations to charge a higher price to make up the difference, forcing some stations to close their doors, according to a report.
The price of natural gas, the fuel that powers most cars in the United States, rose to $1.10 per gallon last month, the report said.
That price was up $1 per gallon from the same time last year.
“We are concerned about gas stations closing, and gas prices will have an impact on the cost of a gallon of gas,” the report says.
“Gas prices are going to rise because of the government’s plan to regulate carbon dioxide emissions and the increased use of natural fuel.”
Gas stations will be forced to close if the government allows more CO2 to escape,” the researchers said.
The report comes as President Donald Trump prepares to announce new rules for automakers that are expected to require them to buy fewer vehicles, as well as curb the use of air bags in crash-prone vehicles. “
It is unclear how the price increase will be reflected in the retail price of gasoline,” the study says.
The report comes as President Donald Trump prepares to announce new rules for automakers that are expected to require them to buy fewer vehicles, as well as curb the use of air bags in crash-prone vehicles.
The regulations would be the first steps in the administration’s plan, which could also include limits on greenhouse gas emissions.
On Tuesday, Trump signed an executive order that requires automakers to report emissions of carbon dioxide and other pollutants on vehicles sold in the U.S. and other countries.
That includes a measure to impose a $25,000 fine on any company that fails to report on emissions.