Even if you’re not from California, you likely aren’t surprised that the Golden State’s heavy-handed approach to energy policy results in higher fuel prices. But you might be surprised by just how much higher those prices are. The EIA last week shared a great map (see top story below) that demonstrates exactly this.
These are the real-world price implications of California’s energy policies:
And before you say: “No problem, Charlie, I’ll just buy an EV,” I’ve got another chart for you courtesy of the Energy Policy Research Foundation:
-Charlie and the AFPM EMPOWER team
Have ideas for content, comments or questions? You can reach us at empower@afpm.org.
What we’re reading this week
Why California usually pays more at the pump for gasoline - EIA
Retail prices for regular grade gasoline in California are consistently higher than in any other state in the continental United States, often exceeding the national average by more than a dollar per gallon.
California Gas Prices Could Skyrocket 75%, Newsom Is Warned - Newsweek
California could be heading toward a severe energy and economic crisis, with gas prices potentially surging 75 percent to $8.43 per gallon by 2026, according to a new warning from the state's Republican Senate Minority Leader Brian Jones.
Why California Drivers Could Soon Pay $8 A Gallon For Gas - Forbes
On the heels of my recent article outlining how California’s unique fuel regulations — not corporate price gouging — are driving up gasoline prices in the state, new developments have added urgency to that conversation.
California's trying to kill the auto industry; Congress should stop it - The Detroit News
States that have adopted the California rules make up 30% of the domestic automotive market. So, California effectively has usurped federal emissions regulatory authority.
The GAO Tries to Save a Bad Biden Rule - The Wall Street Journal
The Government Accountability Office describes itself as “an independent, non-partisan agency that works for Congress.” It’s now sacrificing its credibility to oblige Democratic attempts at preserving economically disastrous Biden-era regulations.
EU eases emissions rules on petrol cars to help industry - Financial Times
Brussels will ease new emissions rules for combustion engine cars, allowing the embattled auto industry to avoid fines following a slower-than-expected transition to electric vehicles.
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