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California Gas Tax Hike Could Hit $8 by 2026

6/21/2025

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Summary

Story summary

California lawmakers have turned down proposals to halt a looming 65-cent gas tax hike, pushing prices past $5 per gallon. Senate Minority Leader Brian Jones is calling for an independent audit of the California Air Resources Board's regulations, warning that refinery closures could drive gas prices to a staggering $8 per gallon by 2026.

History

Historical Context

California's Cap-and-Trade Program, initiated in 2012, aimed to cut greenhouse gas emissions by 15% by 2020. Despite a reported 3% reduction in 2019, rising gas prices above $4 per gallon have sparked public dissent. Lawmakers now propose a 65-cent gas tax increase, with concerns that prices could reach $8 per gallon by 2026, reflecting the ongoing tension between environmental policies and economic pressures.

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Story summary

California lawmakers have turned down proposals to halt a looming 65-cent gas tax hike, pushing prices past $5 per gallon. Senate Minority Leader Brian Jones is calling for an independent audit of the California Air Resources Board's regulations, warning that refinery closures could drive gas prices to a staggering $8 per gallon by 2026.

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