Tuesday, December 30, 2014

California gas prices going up in 2015

The San Jose Mercury News reports:
After months of seeing gas prices sink ever lower, Californians will ring in 2015 by paying more at the pump as a result of the state's landmark greenhouse-gas emissions law.

But how much more we'll pay, and whether it's worth it, remains bitterly debated among oil companies, some state lawmakers and environmentalists.

Starting Thursday, gasoline and diesel producers will be subject to the state's cap-and-trade system, forcing them either to supply lower-carbon fuels -- which are more expensive to produce -- or to buy pollution permits for the greenhouse gases created when the fuel is burned. In the short term, at least, that will mean higher prices at the pump.
California war on working people.