Friday, September 19, 2014
It is good to hear a public dialogue is occurring on the expansion of California’s cap-and-trade system coming Jan. 1, 2015, notes the Western States Petroleum Association (WSPA), when gasoline and diesel used by millions of consumers and businesses will be regulated for the first time under the state’s program. According to economic analysis by the California Air Resources Board (CARB), the expansion of cap-and-trade will increase gasoline prices by as little as 4% and as much as 19%.