Another Gas Tax?!
Less than a month after ramming through the greatest gas tax increase in state history, California’s state elected officials are considering another gas tax! This time they are trying to increase the gas tax up to 73 cents per gallon.
Here is what the California Legislative Analyst’s Office says about the impact of the Cap-and-Trade legislation currently proposed by Governor Brown and the legislature would have on gasoline prices:
You asked us to answer two questions regarding the potential future effects of having fuels in California’s cap-and-trade program.
How much would gas prices increase under different cap-and-trade allowance price scenarios included in the administration’s regulatory analysis documents?
What would be the additional cost borne by consumers under these allowance price scenarios?
Under the action reserve prices scenario, cap-and-trade would raise gas prices by an estimated 15 cents per gallon in 2021, increasing to 24 cents per gallon by 2031. Under the APCR price scenario, cap-and-trade would raise gas prices by an estimated 63 cents per gallon in 2021, increasing to 73 cents per gallon by 2031.
Here is the 3 page document from the California Legislative Analyst’s Office addressing state Assemblyman Vince Fong’s questions on potential gas prices increases: Link Here