California Gas Prices to Rise Again as New Climate Rule and Tax Take Effect
California's new Low Carbon Fuel Standard takes effect, aiming to reduce emissions but raising concerns about potential increases in gas prices, with experts estimating a possible 5-8 cents per gallon hike. The policy has faced political criticism from Republicans and some Democratic support to cap credit prices, while promising significant emissions reductions by 2046. The impact on consumers remains uncertain, and the state continues to balance environmental goals with economic concerns.
