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Greenhouse Gas Law Will Cost Californians at the Pump

 
Greenhouse Gas Law Will Cost Californians at the Pump
Posted March 10th, 2014 @ 6:23am by KFBK News - Tim Lantz

The state's greenhouse gas law is expected to do more than cost California businesses over $1 billion in pollution permit fees. 

Starting next year, the law will force distributors of gasoline, natural gas, propane and other fuels you use into the same cap-and-trade marketplace as utilities and major manufacturers.  

Oil industry analysts say that's going to mean price increases of at least 12 cents a gallon right off the bat.

State Senate President Darrell Steinberg believes the additional fuel costs eventually could go as as high as 40 cents a gallon.  

He's suggesting an alternative, which would mean a flat carbon tax starting at 15 cents a gallon.

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