A little-known longstanding fossil fuels reduction program that was put in place by the California Air Resources Board (CARB) could very well lead to a 50-cent per gallon cost increase for gasoline and diesel fuel sold in the state. The report, released in September by the state’s environmental regulator body, says that California may see the increase of 50 cents per gallon as early as next year and every year after that. The program’s fee is in addition to the gas tax increases already put in place by Senate Bill 1 of 2017, where the state authorized an increase in the state’s taxes on gas and diesel.
Included in the cost for every gallon of gas sold is approximately $1.00 of fees and taxes. With this report, it would bring the total of taxes and fees per gallon to $1.50 next year. The report is forecasting these increases due to the Low Carbon Fuel Standard reforms brought…
