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  • 5/13/2024
A report by a lesser-known California air quality regulator predicts that gas prices will increase by approximately 50 cents per gallon annually through 2026 due to changes in the state's Low Carbon Fuel Standard. Long-term projections show gas prices could increase by over $1 per gallon and diesel by $1.50 from 2031 to 2046 as the state pursues climate goals. A Republican state senator criticized the "secret" tax hike for penalizing most Californians, especially lower and middle-income residents. California is rapidly transitioning transportation to zero-emissions through mandates like banning new gas car sales by 2035.
Transcript
00:00 It's Benzinga and here's what's on the block.
00:02 A report by a lesser known California air quality regulator predicts that gas prices
00:07 will increase by approximately 50 cents per gallon annually through 2026 due to changes
00:12 in the state's low carbon fuel standard. Long term projections show gas prices could increase
00:17 by over $1 per gallon and diesel by $1.50 from 2031 to 2046 as the state pursues climate goals.
00:26 A Republican state senator criticized the secret tax hike for penalizing most Californians,
00:31 especially lower and middle income residents. California is rapidly transitioning transportation
00:36 to zero emissions through mandates like banning new gas car sales by 2035.
00:41 For all things money visit Benzinga.com

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