As of Tuesday, California drivers will experience a nearly 2 cents per gallon increase in gas prices due to an annual inflation adjustment of the gas tax. This tax, established in 2017, supports road repairs. Along with this adjustment, stricter low carbon fuel standards will also be implemented, potentially increasing prices further. The impact of these standards is debated, with Republican leaders calling for suspension of the tax amidst concerns over affordability for drivers, contrasting with predictions from UC Davis researchers suggesting only modest price increases.
According to a study from the University of Pennsylvania, gas prices could surge to 65 cents, with a 85 cent price predicted for 2030 if the program's carbon reduction credits reach their highest levels.
Researchers at UC Davis, however, disagree, claiming that the standards would only add between 5 and 8 cents per gallon.
Collection
[
|
...
]