President Rob Lapsley recently released a Substack analyzing California’s increased fuel tax and environmental regulations. He breaks down what the Low Carbon Fuel Standard (LCFS) is, how it operates, and what effects it will have on families and businesses. Rob combines his analysis with data from the Center for Jobs and the Economy to lay out the realistic future of these regulations in California. Click here and subscribe for free to receive Rob's future analysis on statewide issues.
Lapsley writes:
“And like the ZEV mandate I talked about in my last post, it’s these regulations—which are not voted on by any elected officials and promulgated with little oversight and accountability—that are driving up costs on everything we own and use.”
“In fact, on Day One of implementation, OPIS (a national fuel pricing service) estimated that the LCFS cost per gallon jumped over 50%. As that increase works through the supply chain, prices at the pump will follow.”
“Any company entering this market would still face California’s unique blend of fuel regulations, LCFS mandates, and Cap & Trade costs—not to mention the looming threat of climate-related litigation under proposed 'climate superfund' bills.”
“When gasoline and diesel prices go up, so does the cost to bring
goods to market, so groceries, clothing, and other essential items increase. Everything we use and buy increases when gas prices go up, whether it’s housing, food, clothing, services, etc.”
“When gasoline and diesel prices go up, so does the cost to bring goods to market, so groceries, clothing, and other essential items increase. Everything we use and buy increases when gas prices go up, whether it’s housing, food, clothing, services, etc.”
To read the full Substack and subscribe, click here:
https://robertlapsley1.substack.com/p/fueling-higher-costs-what-californias
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