Posted by BOE Member George Runner at 10:29 am on Jan 21, 2015 Comments Off on Falling Gas Prices Mask Hidden Tax
So why is it that while other states are now enjoying gas prices
of less than $2 per gallon, California is still paying higher
prices?
Due to high taxes and costly regulations, our state’s gas prices
are higher than other states. It’s been that way for years.
But what’s new is that the gap between California’s and other
states’ gas prices has grown.
To get a sense of the change, compare California gas prices with
those of the nation as a whole. According to GasBuddy.com, even
while overall prices have fallen, the gap has grown from about 32
cents per gallon just a month ago to as much as 47 cents this
January.
That’s a 15 cent increase in just one month!
The likely culprit is a new “hidden gas tax” that took effect
January 1. The new regulation expands the state’s cap-and-trade
program to include transportation fuels. The expansion is the
latest in a series of sweeping and costly regulations developed by
the California Air Resources Board as it implements the California
Global Warming Solutions Act.
Luckily for the Governor and his Air Board appointees, gas
prices barely budged when the new rule kicked in; in fact,… Read More