California's New Fuel Standards Set to Spike Gas Prices
California's new regulations to limit carbon intensity in fuels, approved by the California Air Resources Board, could lead to a rise in gas prices. The measures expand a program penalizing high-carbon fuel production, potentially increasing costs by up to 65 cents per gallon. While CARB officials dispute claims that these regulations are the main cause of high gas prices, the average price in California remains high, currently at $4.51 per gallon.