
Regulators Push CA Gas Price up to 80 Cents Higher
California regulators approved a climate change rule on Friday that will push California gasoline prices up to at least an 80 cent premium over the U.S. national average.

California regulators approved a climate change rule on Friday that will push California gasoline prices up to at least an 80 cent premium over the U.S. national average.

California’s cap-and-trade tax is creating a luscious honey-pot of cash to sooth state politicians’ spending fantasies. In expectation of the cash available from the “May Revised Budget” to be released this week, lawmakers and their interest-group fellow travelers are outlining ambitious proposals that include funding port improvements, paying for heavy-duty trucks and ferries, nurturing urban rivers, sponging up carbon in soil and increasing subsidies for bus riders.