# Carrying Big Oil's Water

*Published:* 2009-06-26
*Author:* Sam Parry

### Claim:

> “The CBO and API say that gas prices are going to go up 77 cents a gallon” — Rep. Fred Upton (R-MI), 6/26/09

### Truth:

> American Petroleum Institute (API) does say the CBO analysis ‘suggests’ gas prices would rise 77 cents a gallon.
> 
> Unfortunately, the CBO report doesn’t actually say anything of the kind — or ‘suggest’ it — or refer to it at all, really.
> 
> It’s not clear where API got this, but it’s certainly a shame Rep. Upton fell for it. A better estimate, from the EPA analysis, suggests gas prices will rise *two-cents a year* as a result of ACES. That’s nothing compared to the astronomical jumps in prices that brought us $4-dollar-a-gallon gas last year.
> 
> Maybe API has more information on *those* increases — since they do represent the oil and gas industries.