Just another tax scheme
This new scheme known as “emissions trading” under the cap-and-trade system requires gas companies to purchase carbon allowances traded on a state-run carbon market to continue to sell fuel. Each year the regulators will decrease how many allowances can be bought and limiting how much gas can be sold in the state. Trading for fuels can cause unpredictable spikes in our fuel costs.
in gas prices”
“Senate leader Darrell Steinberg acknowledges cap and trade is about to grow in a big way. He warned the changes could bring spikes and wild fluctuations in gas prices.”
Los Angeles Times, State Senate leader proposes ‘carbon tax’ on motor vehicle fuels, February 2014
We cannot afford
another gas hike
The new hidden gas tax is expected to cost Californians at least $2 billion in the first year. Everyone will pay for the new gas tax at the pump and for goods shipped throughout the state.