>>>>AB 1058, which is supported by Sierra Club, provides a reasonable approach to reducing the effects of global warming. This innovative piece of legislation would require the California Air and Resources Board to adopt regulations by January 1, 2005 that achieve the maximum feasible, cost-effective, and technologically achievable reductions of greenhouse gas pollution from passenger vehicles.
In addition, AB 1058 would give automobile manufacturers, to the maximum extent feasible, the flexibility to decide how to meet the requirements of the regulation. AB 1058 will also help reduce dependence on oil and mitigate energy price shocks in California because nearly all of the methods the automobile industry is likely to use to meet the greenhouse gas standards will decrease the state's demand for petroleum-based fuels. This reduction will result in lower fuel prices and increased savings for consumers and businesses dependent on affordable fuels.(bold emphasis mine)
Wow. The ignorance is breathtaking. Looks like the greenies were too busy with their cultural awareness courses and self-esteem lectures to have the time for economics.
As demand for gasoline drops, after inventories are depleted the price will go UP as gas stations, delivery trucks and small refiners are forced to go out of business. Less demand, less competition.