Proposed CO2 policies would increase price of gas 20 cents per gallon in 2023 and 50 cents in 2028


February 3, 2022

If the state legislature adopts both a CO2 cap-and-trade system and a low-carbon fuel standard (LCFS)–as the budget proposed by State Senate Democrats indicates–it would add about 20 cents to the cost of a gallon of gas in 2023. That would increase to between 41 and 50 cents per gallon, using current projections, in 2028. For diesel, those numbers are even higher.

Those are on top of one of...

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