* EPA to announce rules to lower emissions on Friday * Sulfur in gasoline would be slashed by 60 pct by 2017 * EPA: every $1 in industry costs would cut $7 from health bills * Oil group says rules will make gasoline more expensive (Updates with details from EPA source) By Timothy Gardner WASHINGTON, March 28 (Reuters) - The Obama administration will propose on Friday long-awaited rules to slash ...
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