US EditionCalifornia gas prices set to surge across California next week
- Beginning July 1, Californians can expect higher fuel costs due to a rise in excise taxes and the introduction of new statewide regulations.
- This increase follows the November adoption of new regulations targeting cleaner fuels and a 1.6 cents per gallon rise in the state excise tax, both intended to help lower emissions.
- Additional pressure on prices comes from refinery closures this year and next, while tensions in the Middle East may worsen supply costs further.
- Senate Minority Leader Brian Jones warned that these combined factors may drive gas prices as high as $8 per gallon by 2026 and has initiated an online petition with over 25,000 signatures urging California residents to reach out to their state lawmakers to push for the elimination of the Low Carbon Fuel Standard.
- The price surge implies increased consumer costs and economic strain, prompting calls to protect California's economy now that environmental goals have largely been addressed.
13 Articles
13 Articles
Thirteen states impose fuel tax changes July 1
The first of July marks the start date of fuel tax rate changes in more than a quarter of all states across the country. Tax rate changes range from a 6-cent increase on Washington gas to a 3.5-cent decrease on Connecticut diesel. California Fuel rate increases in California take effect the first of the month. The automatic increases aim to keep pace with inflation. For the past year, excise tax collected on gas purchases has been set at 59.6 ce…
California Gas Prices Set to Hit $6 a Gallon on July 1 Thanks to Newsom's New Tax, May Rise to $9 a Gallon
California drivers could soon pay $6 per gallon at the pump as new fuel taxes and environmental mandates take effect on July 1. The state’s green agenda is driving both prices and frustration sky-high. Key Facts: Starting July 1, California’s gas excise tax will rise by 1.6 cents per gallon. New regulations under the Low Carbon Fuel Standard will further raise fuel production costs. Combined, these changes could spike prices by up to 65 cents p…
The Two Primary Causes of California’s July 1st Gas Tax Increase – California Globe
California gasoline already costs approximately $1.50 above the national average, and we are getting another gas tax hike next week. The gas tax increase coming July 1st that CalTax explained in our previous article is the gasoline excise tax, as opposed to the low-carbon fuel standard tax changes. The amounts are very similar, which has caused confusion. An excise tax is a specific type of tax levied on certain goods or services at the time of …
Kron 4 News
MSNGas prices in California to go up July 1
WALNUT CREEK, Calif. (KRON) — Gasoline prices in California are set to rise on July 1 due to an increase in excise tax and the implementation of a new low carbon fuel standard. Currently, drivers pay 59.6 cents per gallon in excise tax, which will increase to 61.2 cents per gallon next week. Additionally, the […]
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