• BREAKING NEWS ABC shows live and on-demand -- Download the WATCH ABC app!

Gas pump nozzle change by EPA may cut prices in the long run

An Exxon station is shown in Keller, Texas, in this July 25, 2007 file photo. (Donna McWilliam)

May 11, 2012 12:00:00 AM PDT
Gas pumps nationwide may soon look a little different, and the change could save consumers money in the long run.

The Environmental Protection Agency announced that it intends to phase out the rubber boots on gas pump handles, which are used to capture harmful gasoline vapors.

The EPA says the pumps are redundant because more than 70 percent of all cars today are equipped with vapor-capturing systems.

The move is expected to save consumers and businesses almost $6 billion in the next five years.