From CBS-8, San Diego, June 24/25:
Multiple factors, including new state regulations, are expected to drive up gas prices in California starting July 1, with experts predicting significant increases.
California drivers are bracing for a substantial increase in gas prices starting July 1, as multiple new taxes and regulations take effect. Experts are divided on just how high prices will climb, but some estimates suggest they could reach up to $6 per gallon.
The first factor contributing to the price hike is an increase in the state's excise tax, which will rise by 1.6 cents per gallon. However, this is just the beginning of the cost increases.
A more significant impact is expected from the Low Carbon Fuel Standard program, approved by the state's air resources board in November. This program aims to reduce California's greenhouse gas emissions, but will result in stricter regulations on gas producers.
State Senate Minority Leader Brian Jones expressed his disappointment with the new program, stating, "All of that is increased cost that is eventually passed on to the consumer, and estimates now are up to 65 cents a gallon per gallon of gasoline."
The Automobile Club of Southern California anticipates a significant jump in gas prices. AAA spokesperson Gianella Ghiglino explained, "We still don't know exactly what that number is; however, we can estimate it'll be from $600 to $1,000 annually with the gas tax and low carbon fuel standard increases as well."
These estimates could worsen if tensions in the Middle East escalate, potentially pushing prices even higher. Additionally, the closure of two refineries - one this year and another next year - could further impact prices. Jones warns that these factors combined could push gas prices up to $8 per gallon by the end of 2026.
In response, he has launched an online petition demanding that legislators repeal the Low Carbon Fuel Standard, which has garnered over 25,000 signatures.
"We've got to start protecting the economy in California now that we've protected the environment in California," Jones argued.
The senator from San Diego is urging California residents to contact their state legislators, explain how these price increases are affecting them, and encourage action to lower prices.
Editor's note: A day after the publication of this story, Governor Newsom sent out a press release addressing the claims and expectations regarding gas prices in California....
....MUCH MORE, including the Governor's rebuttal.
