According to the Kleinman Center for Energy Policy at the University of Pennsylvania, the proposed changes to the LCFS will increase gasoline costs by as much as 65 cents per gallon by 2030. An analysis CARB conducted projected that gasoline prices would increase by an average of 37 cents per gallon. The estimated costs from the regulations will then continue to mount potentially reaching $1.50 within a decade.
Californians already suffering from significantly higher gas prices will be dismayed to learn that the regulatory state has decided to make things worse. For the rest of the country, the changes stand as a stark warning.
Last week, the California Air Resources Board, known as CARB, voted to increase the burden from the state’s Low Carbon Fuel Standard (LCFS). CARB claims the changes will help the state reach its emissions goals, but given the current technological constraints, that assertion is uncertain at best.
What is certain is that these changes will increase fuel costs in the state.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.
California’s Regulatory Assault On Drivers Continues
Wayne H Winegarden
According to the Kleinman Center for Energy Policy at the University of Pennsylvania, the proposed changes to the LCFS will increase gasoline costs by as much as 65 cents per gallon by 2030. An analysis CARB conducted projected that gasoline prices would increase by an average of 37 cents per gallon. The estimated costs from the regulations will then continue to mount potentially reaching $1.50 within a decade.
Californians already suffering from significantly higher gas prices will be dismayed to learn that the regulatory state has decided to make things worse. For the rest of the country, the changes stand as a stark warning.
Last week, the California Air Resources Board, known as CARB, voted to increase the burden from the state’s Low Carbon Fuel Standard (LCFS). CARB claims the changes will help the state reach its emissions goals, but given the current technological constraints, that assertion is uncertain at best.
What is certain is that these changes will increase fuel costs in the state.
Read the entire op-ed here.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.