California drivers could soon see higher gas prices after state regulators approved stricter standards to curb climate-induced emissions.
The California Air Resources Board (CARB) is made up of commissioners appointed by Governor Gavin Newsom and the Democratic-controlled Legislature. Voted to update on Friday Golden State Low Carbon Fuel Standard (LCFS).
The update aims to increase cleaner fuel and transportation options for California drivers and accelerate zero-emissions infrastructure, all of which will help achieve carbon neutrality by 2045, according to the commission. It's part of the state's broader goal to
CARB Chair LeAnn Randolph said the new policy is aimed at “reducing the environmental and health impacts of transportation fuels used in California and as the state continues to work toward a zero-emissions future.” and ensuring that low-carbon options are available in the United States.”
FOX Business previously reported that Republican state lawmakers asked the board to postpone the vote after an independent study showed the cost could increase by 47 cents per gallon at the pump. It was reported.
California's nonpartisan Legislative Analysis Service predicted that drivers could end up paying up to 20 cents a gallon if the board approves the new plan. Republican Rep. Tom Lackey warned that gas prices would rise by as much as 65 cents a gallon.
Ahead of Friday's vote, Republican Rep. Tom Lackey urged the board not to pass the new policy.
“Our finances are extremely tight. Many of us are already charging our credit cards for basic necessities. Please don't push us into bankruptcy,” Lackey said in public comment. Ta. “We ask that you do not approve this rulemaking and find other alternatives that are less costly.”
A CARB spokesperson told FOX Business that the new policy update will not add any type of fuel surcharge. The spokesperson said the impact on consumers will ultimately depend on how fuel suppliers pass costs on to consumers.
“We do not know of any economic model that can reliably predict what fuel prices will be, but there is nothing in this program that would trigger a set price increase,” CARB said. “In fact, our data shows that over the next 20 years, the approved amendments will save Californians more than 40% on fuel costs, while also cleaning our air and mitigating the costly and devastating effects of climate change.” It shows that.”
