California's New Climate Rules Could Spike Gas Prices
California's Air Resources Board has approved stricter clean air regulations under the Low Carbon Fuel Standard, aiming to cut transportation sector carbon emissions by 30% by 2030. This decision has raised concerns among state legislative leaders about potential increases in gas prices, which are already among the highest in the nation. The new rules, effective in 2025, require the oil and gas industry to produce cleaner fuels, potentially raising costs for consumers. While the board's decision supports electric vehicle adoption, it faces criticism for not sufficiently addressing air pollution.