California's Policies Drive Gas Prices to Record Highs
Submitted by MAGA
Posted 49 days ago
California's Energy Policies Push Gas Prices to Unprecedented Levels
As residents of California grapple with exorbitant gas prices, a recent study highlights the true culprit behind this financial burden: the state's own climate policies.
Despite Governor Gavin Newsom's insistence that “Big Oil” is to blame for the skyrocketing costs of fuel in the Golden State, research indicates that state regulations, rather than any external factors, have significantly contributed to residents paying some of the highest prices in the nation.
Current gas prices in California average a staggering $4.676 per gallon, far exceeding the national average of around $3.177 per gallon.
An analysis by the Energy Policy Research Foundation reveals just how deep the state's regulations cut into Californians' wallets.
Governor Newsom’s climate policies alone have been shown to add as much as $1.91 to a gallon of gasoline.
Historically, California has enacted unique gasoline formulations that surpass federal Environmental Protection Agency (EPA) standards.
These regulations—such as the California Reformulated Gasoline Blendstock for Oxygenate Blending (CARBOB)—further inflate fuel costs, with in-state refining requirements leading to an average additional expense of 16 cents per gallon.
The state'sCap and Trade program, aimed at reducing greenhouse gas emissions, has only exacerbated the issue.
From its inception in 2006 to today, California's emissions caps have steadily increased, mandating that major polluters purchase allowances to emit greenhouse gases, all of which contribute to the higher price at the pump.
Moreover, California's Low Carbon Fuel Standard, enacted in 2011, has placed increasing financial burdens on gasoline prices by targeting carbon intensity.
These regulatory measures have led to a cumulative rise in gas prices, estimated at an additional 52 cents per gallon by 2024 compared to 2004.
Newsom’s focus has remained on scapegoating the oil industry, asserting that it needs additional regulations to curb alleged price gouging.
This approach, however, has proven counterproductive as the diminishing number of refineries operating within the state—down from 43 in 1982 to just 14 today—highlights the industry's ongoing exodus from California due to excessive regulations.
Furthermore, Chevron's recent announcement to relocate its headquarters from San Ramon to Houston exemplifies how these policies are driving businesses out of the state and leaving Californians to pay the price.
Instead of confronting the consequences of his administration’s climate agenda, Governor Newsom continues to foster a narrative that diverts blame from his own policies.
As California residents endure the ramifications of these harmful regulations, it is vital for the state’s leaders to consider the impact of their decisions on everyday citizens.
The gap between the significant costs imposed by California's climate initiatives and the promises of lower emissions paints a stark reality that few can afford to ignore any longer.
Sources:
pjmedia.com
thenewamerican.com
justthenews.com
As residents of California grapple with exorbitant gas prices, a recent study highlights the true culprit behind this financial burden: the state's own climate policies.
Despite Governor Gavin Newsom's insistence that “Big Oil” is to blame for the skyrocketing costs of fuel in the Golden State, research indicates that state regulations, rather than any external factors, have significantly contributed to residents paying some of the highest prices in the nation.
Current gas prices in California average a staggering $4.676 per gallon, far exceeding the national average of around $3.177 per gallon.
An analysis by the Energy Policy Research Foundation reveals just how deep the state's regulations cut into Californians' wallets.
Governor Newsom’s climate policies alone have been shown to add as much as $1.91 to a gallon of gasoline.
Historically, California has enacted unique gasoline formulations that surpass federal Environmental Protection Agency (EPA) standards.
These regulations—such as the California Reformulated Gasoline Blendstock for Oxygenate Blending (CARBOB)—further inflate fuel costs, with in-state refining requirements leading to an average additional expense of 16 cents per gallon.
The state'sCap and Trade program, aimed at reducing greenhouse gas emissions, has only exacerbated the issue.
From its inception in 2006 to today, California's emissions caps have steadily increased, mandating that major polluters purchase allowances to emit greenhouse gases, all of which contribute to the higher price at the pump.
Moreover, California's Low Carbon Fuel Standard, enacted in 2011, has placed increasing financial burdens on gasoline prices by targeting carbon intensity.
These regulatory measures have led to a cumulative rise in gas prices, estimated at an additional 52 cents per gallon by 2024 compared to 2004.
Newsom’s focus has remained on scapegoating the oil industry, asserting that it needs additional regulations to curb alleged price gouging.
This approach, however, has proven counterproductive as the diminishing number of refineries operating within the state—down from 43 in 1982 to just 14 today—highlights the industry's ongoing exodus from California due to excessive regulations.
Furthermore, Chevron's recent announcement to relocate its headquarters from San Ramon to Houston exemplifies how these policies are driving businesses out of the state and leaving Californians to pay the price.
Instead of confronting the consequences of his administration’s climate agenda, Governor Newsom continues to foster a narrative that diverts blame from his own policies.
As California residents endure the ramifications of these harmful regulations, it is vital for the state’s leaders to consider the impact of their decisions on everyday citizens.
The gap between the significant costs imposed by California's climate initiatives and the promises of lower emissions paints a stark reality that few can afford to ignore any longer.
Sources:
pjmedia.com
thenewamerican.com
justthenews.com
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