California is seeing a staggering increase in gasoline prices, and it’s all due to idiotic state policies that may also be coming to New York.
On Tuesday, the campaign team of Republican candidate for governor Steve Hilton posted a picture of the especially high prices at a Chevron station in Los Angeles. “Downtown L.A. – almost $8 a gallon!” they wrote.
One reason could be the latest update of California’s “Low Carbon Fuel Standard,” a carbon credit trading program, which kicked in on July 1. The update had been estimated to add 65 cents per gallon to the cost of gasoline.
Sky-high gas prices across California are not just about the cost of gas — but the added cost of state policies such as the cap-and-invest scheme. Getty Images
But that’s only part of the state’s war on petroleum products. There’s also the “cap-and-trade” program. It drives the cost of energy —