California has approved stricter regulations on its carbon fuel policy, which could potentially lead to higher gas prices
Gas prices in California may rise as the state pushes to achieve its carbon emission reduction targets, even as residents already face some of the highest fuel costs in the nation.
On Friday, the California Air Resources Board (CARB) voted to revise the state’s low carbon fuel standard in an effort to meet Governor Gavin Newsom’s objective of cutting emissions by 50% by 2030.
Market experts anticipate that this decision will likely lead to higher gas prices.
“Climate impacts have contributed to inflation, affecting the economy overall. My concern is that an increase in gas prices will disproportionately affect lower-income individuals,” said Alan Gin, an economics professor at the University of San Diego.
According to AAA, the current average price for a gallon of regular gas in San Diego County is $4.51.
Some drivers are apprehensive about what this could mean for them.
“Unfortunately, we can’t stop driving, and upgrading to an electric vehicle isn’t affordable for us. We’re stuck, and those with less money are the most affected,” said Dana Crake, a driver from San Diego.
CARB first introduced the low carbon fuel standard in 2009 as part of California’s long-term plan to achieve carbon neutrality by 2045.