Eight states up the ante on Biden tailpipe rule, intend to ban new gasoline vehicles altogether: WA OR CA NY MA RI MD NJ and DC, with more to follow

8 states planning to BAN sale of gas-powered cars...

Give a Democrat your lightbulb and he will take your car

 

Biden tailpipe rule will turn America into a Cuba of old cars

New York Post here:

Biden’s goals will push internal-combustion-vehicle prices into the stratosphere, and likely still not get consumers to play along; the 2032 mandate is beyond impossible to meet. 

Instead, Americans will keep older cars on the road far longer; even paying through the nose for clunkers and repairs will be the better bet.

 

May 2023: Average age of a car on the road in the US hit a record 12.5 years, up 3 months from 2022.

I have two cars for my family. One is 27 years old, the other 17. 

Remember Cash For Clunkers under Obama?

Yeah, I skipped that.

Kim Strassel: Biden is coming for your truck

The column is here:

It’s a tailor-made issue for Donald Trump, a perfect summation of his opponent’s radicalism. His campaign immediately trashed the rule as a diktat that will “force Americans to buy ultra-expensive cars they do not want and cannot afford while destroying the U.S. auto industry.” Just wait until he gets around to the bumper-sticker formula: “They’re coming for your truck.” An energy trade group has already been up with ads making that point in swing states, calling on Americans to reject Biden’s “EPA car ban.”

 

Holy cow, Biden's new tailpipe rule will make new gas vehicles extinct by 2032 and the LA Times says he's not going fast enough!

 

Biden’s New EV Rules Don’t Go Fast Enough for the Climate Crisis

LA Times

 

https://www.latimes.com/opinion/story/2024-03-20/biden-electric-car-rules

 

These people are insane. 

They intend to end your way of life.

I found the source for Trump's well-founded fear of an auto industry bloodbath

 CNBC reports today:

Why a small China-made EV has global auto execs and politicians on edge :

There’s fear among global automakers that Chinese rivals like the Warren Buffett-backed BYD could flood their markets, undercutting domestic production and vehicle prices to the detriment of their own auto industries.

“The introduction of cheap Chinese autos — which are so inexpensive because they are backed with the power and funding of the Chinese government — to the American market could end up being an extinction-level event for the U.S. auto sector,” the Alliance for American Manufacturing, a U.S. manufacturing advocacy group, said in a report last month.

BYD sold 1.57 million battery EVs last year, up from just 130,970 all-electric vehicles in 2020. That sales growth was enough to surpass Tesla to become the world’s largest producer of electric vehicles in late 2023. 

The rise of BYD and other Chinese automakers led Tesla CEO Elon Musk in January to warn that Chinese automakers will “demolish” global rivals without trade barriers. ...

The company has quickly rolled out new and updated products. It’s also rapidly established manufacturing, as it has its eyes set on factories in Thailand, Brazil, Indonesia, Hungary, Uzbekistan and, potentially, Mexico. ...

Former President Donald Trump – the front-runner among Republicans in the 2024 presidential race – on Saturday suggested instituting a 100% tariff on cars made in Mexico by Chinese companies, should he be elected to a second term.

Biden deals bloodbath blow to auto industry, EPA finalizes rule requiring 67% of new cars and trucks sold to be electric by 2032

 The administration forged ahead with its plan despite pleas from thousands of car dealerships across the country, warnings from industry leaders and major manufacturers slashing production. Demand in recent years has failed to meet growth expectations. ...

“This rule is delusional,” the senators said. “This is the Biden administration’s attempt to get rid of the internal combustion engine without congressional authority.” Sen. Joe Manchin III, a moderate Democrat from West Virginia, was ready to side with Republicans. He called the rule “reckless and ill-informed.” “The federal government has no authority and no right to mandate what type of car or truck Americans can purchase for their everyday lives,” said Mr. Manchin, who chairs the Senate Energy Committee.

At the current pace of sales growth of all-electric and plug-in hybrid vehicles, the U.S. would take decades to meet the administration’s 2032 goal. ...

The EPA wants 67% of all new light-duty vehicles and up to 32% of medium-duty vehicles to be electric by 2032. That includes a mixture of all-electric, plug-in electric hybrids and battery electric hybrids.

More.

Gasoline averaged $2.48825/gallon for the four years 2017-2020, which Obama infamously said was impossible

Add in 2015 and 2016 and it averaged $2.42383.

In October 2023 under Obama 2.0 Americans pay 56% more than that.

 

Dim bulb Jonathan Martin says Joe should heave Bidenomics into the dumpster just as broad inflation tanks from 3.7% yoy in September to 3.2% yoy in October

Perhaps the most overwhelming economic messaging advice I picked up from Democrats was for him to heave “Bidenomics” into the dumpster. Attempting to make voters believe something they don’t is folly. Attaching your name to that strategy borders on masochistic.

Here’s How Biden Can Turn It Around

Joe would be well on his way to re-election right now if he weren't shooting himself in the foot with his stupid green energy policies, which are keeping inflation from coming down harder than it already is.

That's what needs to go in the dumpster.

And just like that gasoline shoots back up to $4/gal

 

Headline pce inflation of 3% year over year is driven lower by the collapse in energy prices, mostly natural gas not gasoline

Natural gas is twice as important as gasoline for America's energy needs.

eia.gov says the United States used 369 million gallons of gasoline per day in 2022. That's the equivalent of 13 billion kWhr/day last year.

America also consumed 88.52 billion cubic feet of natural gas per day in 2022. That's the equivalent of 26.88 billion kWhr/day last year, 2.06 times as much.

Gasoline is down 14.6% in 1H2023, natural gas 60.5%.

 

The price of gasoline has fallen, but only to the level of Obama-era expensive, not Trump-era cheap

 

Recent inflation optimism ignores that gasoline is up 11.8% in the thirty days since Christmas

 

Meanwhile consumers of the really important things like food and energy are getting pounded with persistent, huge price increases

 

Gasoline is up to $3.79/gallon nationally, 81%, after two years of Joe Biden and Democrats running the show

 

Jimmy Carter may very well be as upset as the next guy from Tehran that Sir Ahmed Salman Rushdie [Ibn Rushd] has survived the knife attack

 Jimmy Carter doesn't have to work too hard to be unlikable, but he does it anyway.

Rushdie for his part, like Rush Limbaugh, is a serial monogamist who can't seem to find a wife he likes, or who likes him.

Or maybe the wives just couldn't stand living under the cloud of the Ayatollah's 1989 fatwa, after which Rushdie divorced three times.

Carter threw gasoline on the fatwa fire with this piece in the paper of record not even three weeks after the fatwa was issued.

 

AP Obama: Gasoline prices have "plunged" . . . to $4.86/gallon

 

I wonder from which of the three houses he's owned since 2016 Bernie the greedy government bureaucrat issued this statement yesterday calling for punishment which will do nothing for consumers at the pump

 

Today's inflation-adjusted price of gasoline from 1918 is $4.84, but we're averaging record prices well north of $5.00

 Calculator here:

We estimate it would take $4.84 on June 16, 2022 to have equal purchasing power with $0.25 on June 16, 1918.

For the 1918 price, see here.

You can see from this chart that the price of gasoline in 1918 was indeed about $0.25. Wholesale prices averaged about 20.6 cents in 1918.

As of three days ago the official government average actual price at 900 retail outlets was $5.107.

GasBuddy has the USA average at about $5.03 this morning.

LOL, the blog of the St. Louis Fed gaslights you on gasoline prices by jumping through hoops to make the current outrageous prices disappear

 While nominal gas prices have increased rapidly over the past few months, real gas prices were still lower than they were for most of the 2006-2014 period.

More in "Gaslighting gas prices", April 21, 2022.

They don't pay those economists the big bucks for nothing:

[W]e compute by dividing the nominal price by the consumer price index (CPI) and multiplying by 127.5, the value of the CPI in January 1990.

Talk about gaslighting.

Look, US Regular All Formulations (GASREGW), which is what the blog post used, peaked around the 4th of July in 2008 around $4.11/gallon. 

Here's what a popular inflation calculator says about that:

We estimate it would take $5.54 on June 12, 2022 to have equal purchasing power with $4.11 on July 4, 2008.     

Just using a simple CPI calculator here puts $4.11 in 2008 at $4.94  . . .  already IN 2020.

We are mostly certainly paying the highest prices ever for gasoline.

Be happy, right? At least we're not Hong Kong.