California's New Fuel Standards Set to Increase Gas Prices

The California Air Resources Board approved new clean air standards expected to raise gas prices, sparking criticism from lawmakers over transparency and environmental groups for insufficient pollution reduction. The updated Low Carbon Fuel Standard aims to cut transportation emissions by 30% by 2030, adding costs to oil refiners likely passed to consumers. Despite concerns over affordability and transparency, the standards are seen as crucial for transitioning to electric vehicles, with ongoing oversight promised to address potential negative impacts.