By Institute for Energy Research —— Bio and Archives--November 8, 2019
Global Warming-Energy-Environment | Comments | Back To Full Article
According to AAA, California’s gasoline prices are the highest in the United States and are $1.45 more than the average U.S. gasoline price. While California’s governor, Gavin Newsom, wants to blame the oil companies and has asked his attorney general to investigate them for conspiring to keep gasoline prices artificially high, he should be looking at his state’s laws and regulations as the main culprit. According to the state’s Energy Commission, about half of the price difference between California’s gasoline price and the national average gasoline price is due to California’s taxes, its cap-and-trade policy, and its low-carbon fuel standard; and another third is due to higher refiner and retailer margins because of higher regulatory costs and less competition.
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