NEWS: California motorists to begin shouldering costs of carbon auction
California fuel consumers will soon be hit with higher prices at the pump as a result of an expansion in the state’s cap and trade program, reports the Sacramento Bee. Officials at the California Air Resources Board (CARB) say the tax hike is likely to be less than 10 cents a gallon and consumers will not even notice the higher prices. However, over 100,000 Californians have signed petitions urging the new tax be cancelled and point out that according to an analysis by CARB’s itself, prices could rise up to 76 cents a gallon.
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