California’s cap-and-trade program will cause the cost of gasoline to skyrocket after New Year’s Day, reports CBS Los Angeles. The price hik...
California’s cap-and-trade program will cause the cost of gasoline to skyrocket after New Year’s Day, reports CBS Los Angeles. The price hikes may come as a shock to drivers, as Americans in the rest of the country will likely continue to enjoy falling fuel prices in the near future. Estimates of the price increase vary wildly:
The California Air Resources Board (CARB) asserts prices will increase 10 cents a gallon;
The Legislative Analyst’s Office (LAO) believes prices will rise from 13 to 20 cents per gallon immediately, rising to 50 cents by 2020;
The Western States Petroleum Association says prices will ascend 76 cents a gallon;
According to the Wall Street Journal, the Boston Consulting Group said in 2012 that prices would rise between $0.49 and $1.83 per gallon by 2020.
http://www.breitbart.com/california/2014/12/17/gas-prices-will-spike-in-california-jan-1-due-to-cap-and-trade/
The California Air Resources Board (CARB) asserts prices will increase 10 cents a gallon;
The Legislative Analyst’s Office (LAO) believes prices will rise from 13 to 20 cents per gallon immediately, rising to 50 cents by 2020;
The Western States Petroleum Association says prices will ascend 76 cents a gallon;
According to the Wall Street Journal, the Boston Consulting Group said in 2012 that prices would rise between $0.49 and $1.83 per gallon by 2020.
http://www.breitbart.com/california/2014/12/17/gas-prices-will-spike-in-california-jan-1-due-to-cap-and-trade/
