California gas prices could spike 50 cents under climate offset idea

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California gas prices could spike 50 cents under climate offset idea
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California’s already high gas prices could see an additional spike of almost 50 cents a gallon under a little-known proposal aimed at meeting the state’s aggressive emission reduction goal.

The California Air Resources Board is the state’s regulating body charged with implementing the most ambitious climate action of any jurisdiction in the world: achieve carbon neutrality by 2045. An amended version of CARB’s Low Carbon Fuel Standard was released in a preliminary report in September and included potential price pass-throughs for consumers as the state moves toward its clean air goals.

"So what does the state do? It imposes a secret 47-cent fee in addition to the state’s gas tax so now we'll be paying over $6 a gallon." In a statement to KTVU, CARB disputed any notion of a "secret" gas tax and said that the proposed figures in the preliminary report were "intended to provide a range of financial possibilities looking at how various LCFS credit prices might be passed through to Californians by industry.

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