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Low Carbon Fuel Standard

All articles tagged with #low carbon fuel standard

business23 days ago•3 min saved

California Gas Costs More: Rules, Taxes, and Isolation Lift the Pump Price

Gas prices spiked nationwide in March, but California’s average is far higher due to a state-mandated, cleaner-burning fuel blend that costs more to produce and is not easily importable; combined with high taxes, the Cap-and-Invest/Low Carbon Fuel Standard, and a fuel-island market with refinery closures, these factors push California prices well above the national average (about $5.53/gal in mid-March vs roughly $3.79 nationally).

via SlashGear|

#business #california #gas-prices

environment9 months ago•3 min saved

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.

via CalMatters|

#california #climate-policy #emissions-reduction

environment1 year ago•6 min saved

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.

via KCRA Sacramento|

#california #carbon-emissions #clean-air-regulations

environment1 year ago•3 min saved

California's New Fuel Standards Set to Increase Gas Prices

California's Air Resources Board has approved changes to the low carbon fuel standard, aiming to reduce emissions and fund zero-emission vehicle infrastructure, but potentially raising gas prices. Critics argue the plan inadequately supports electric vehicles and lacks transparency on cost impacts. The program is part of California's broader goal to achieve carbon neutrality by 2045, despite concerns about affordability and effectiveness.

via ABC7 Los Angeles|

#california #climate-change #electric-vehicles