- 10/8/2024 1:25:00 AM
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(FOX40.COM)– – The cost of California gasoline and electricity costs could increase over the next few years, starting this spring, under proposed state regulations on fuels.
Gas in the Golden State is currently amongst the most expensive in the nation. As of Sunday, the country's typical cost per gallon is $3.35 while the cost in California sits at $4.83, according to AAA. Gas costs Californians more than it does for a lot of residents in other states, costs might get even heftier.
The California Air Resources Board launched a crucial report known as the standardized regulative effect assessment (SRIA) that highlighted the effects of changes to the state's Low Carbon Fuel Standards (LCFS) program that enter into effect this year.
The Low Carbon Fuel Standard is developed to "decrease the carbon intensity of California's transport fuel pool and provide an increasing variety of renewable and low-carbon options, which minimize petroleum reliance and achieve air quality benefits," according to the Air Resources Board. The objective of the proposed changes to the program is to deter gas and electric business from producing gasoline/diesel and to find cleaner alternatives outside of fossil fuels.
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