California's New Fuel Rules Could Raise Gas Prices by $0.50 Per Gallon

California's New Fuel Rules Could Raise Gas Prices by $0.50 Per Gallon

OilPrice.com

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Despite the incoming Trump administration's likely move to deregulate all things EV, that isn't necessarily going to stop California from continuing down its 'green' agenda path. And people wonder why there's exodus from the state to places like Texas and Florida? Last week, the California Air Resources Board voted to amend the Low Carbon Fuel Standard, which requires fuel producers exceeding carbon targets to buy credits from low- or zero-carbon suppliers, according to Bloomberg.  The updated rules accelerate target reductions, despite…

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