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Greenhouse Gas Law Will Cost Californians at the Pump

Greenhouse Gas Law Will Cost Californians at the Pump

The state's greenhouse gas law is expected to do more than cost California businesses over $1 billion in pollution permit fees. 

Starting next year, the law will force distributors of gasoline, natural gas, propane and other fuels you use into the same cap-and-trade marketplace as utilities and major manufacturers.  

Oil industry analysts say that's going to mean price increases of at least 12 cents a gallon right off the bat.

State Senate President Darrell Steinberg believes the additional fuel costs eventually could go as as high as 40 cents a gallon.  

He's suggesting an alternative, which would mean a flat carbon tax starting at 15 cents a gallon.

 

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