California drivers brace for possible gas price hike after state regulators approve tighter climate standards
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California drivers may soon see a hike in gas prices after state regulators approved tougher standards for reining in climate emissions.
The California Air Resources Board (CARB), which comprises board members appointed by Gov. Gavin Newsom and the Democrat-controlled legislature, voted Friday to update the Golden State’s Low Carbon Fuel Standards (LCFS).
The board says the updates are aimed at increasing cleaner fuel and transportation options for California drivers, and accelerating zero-emission infrastructure – all of which are part of the state’s broader aims to be carbon-neutral by 2045.
CARB Chair Liane Randolph said the new policy «strikes a balance between reducing the environmental and health impacts of transportation fuel used in California and ensuring that low-carbon options are available as the state continues to work toward a zero-emissions future.»
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Gas prices are pointing up at a gas station in Sherman Oaks on Wednesday, May 22, 2024. (Brian van der Brug / Los Angeles Times via Getty Images / Getty Images)
FOX Business previously reported on Republican state lawmakers who had urged the board to delay the vote after an independent finding showed it could increase the cost at the pump per gallon by 47 cents.
FILE: A sign shows gasoline fuel prices above average at over seven and approaching eight dollars a gallon at a Shell gas station in Los Angeles, California, on October 5, 2023. (PATRICK T. FALLON/AFP via Getty Images / Getty Images)
California’s nonpartisan Legislative Analyst’s Office has forecasted that
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