California’s policies are projected to significantly impact our costs for gasoline and diesel.
California’s policies are projected to significantly impact our costs for gasoline and diesel. Policy makers have authority over several government programs, fees and taxes, that are planned to increase substantially by mid-2025.
*Based on May 2023 Auction Settlement Price for California Carbon Allowances. See California Cap-and-Trade Program – Summary of California-Quebec Joint Auction Settlement Prices and Results, May 2023 Joint Auction #35, available at: https://ww2.arb.ca.gov/sites/default/files/2020-08/results_summary.pdf. Accessed: July 10, 2023.
**Based on OPIS methodology, available at: http://www.opisnet.com/wp-content/uploads/2018/07/OPIS-California-Carbon-Allowance.pdf. Accessed: July 2023.
A) Low Carbon Fuel Standard 2023 Amendments Standard Regulatory Impact Assessment, Table 22
B) CA Air Resources Board, https://ww2.arb.ca.gov/our-work/programs/cap-and-trade-program/cap-and-trade-meetings-workshops, slide 8
C) SB 1 automatically increases the state excise tax based on the California CPI