typical libtard lack of thinking-----
The cap-and-trade for fuels is a regulation already adopted by the California Air Resources Board that will increase the cost of gasoline and diesel fuels by up to 76 a cents a gallon, according to the agency’s own analysis
And those costs won’t stop at the pump – they’ll increase the cost of everything that uses gasoline and diesel to transport products to market.
This hidden gas tax will hit middle and low-income families and small businesses the most, and will make it more expensive for local governments and school districts to provide public safety, ambulances, school transportation and other services upon which Californians rely.
The cost to fuel providers will be determined by government-run auctions at which companies and individuals buy and sell carbon allowances. The current minimum price of those allowances is about $12 per ton. But those costs could fluctuate widely if there is a shortage of allowances or if one or more traders purchases large volumes of allowances and elects to withhold them from the market.
Experts say the volatile nature of carbon trading markets could result in price spikes of $1 per gallon or more.
The cap places a hard limit on how much gasoline and diesel can be sold. If robust economic growth occurs, the cap could prevent the sale of gasoline and diesel, even if demand calls for more gasoline and diesel consumption.
Cap and Trade for Fuels | CA Fuel Facts