$8.44 Per Gallon Of Gas – Watch Out California!

California Regulations Could Spike Gas Prices to $8 Per Gallon

A new University of Southern California analysis has found that the state’s gas prices could reach $8.44 per gallon by the end of 2026.

The cause? Taxes, fees, and the sharp reduction of oil production.

“Over the last 30 to 50 years, the California state excise tax on gasoline has increased by 253%, the number of motor vehicles has grown by 38%, and our population has increased by 24%…” the study’s lead facilitator wrote. “Concurrently, a series of regulatory costs that have been layered onto refiners, distributors, and local operators have had a compounding effect on retail prices at the pump.”

Why is this happening? Are the Golden State’s leaders too incompetent to realize the harm they’re causing? Not at all. They’re doing it on purpose. Last year, California regulators approved a “low-carbon fuel standard” that the state itself admits will increase fuel costs by $162 billion through 2046. No wonder residents are fleeing to red states like Florida and Tennessee. Read more.

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