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Primary reason for significant gas price increase in California by end of 2024?
2
Resolution / Starting Odds
New fuel standards • 25%
Oil company practices • 25%
Supply chain issues • 25%
Other • 25%
Reports and analyses from reputable news sources like LATimes or statements from government agencies
Story
California Senate Approves Newsom's Fuel Standards, Gas Prices May Rise by 65 Cents
Oct 11, 2024, 01:31 PM
California's government is under scrutiny for its approach to regulating gasoline prices, which are the highest in the U.S. The California Air Resources Board (CARB), appointed by Governor Gavin Newsom, has proposed new fuel standards that could increase gasoline prices by up to 65 cents per gallon, according to the LATimes. This decision comes shortly after the election, raising concerns about accountability. The state Senate has approved Newsom’s controversial fuels storage proposal aimed at preventing gas price spikes, which now heads back to the Assembly for a final vote. Critics argue that these measures will lead to permanent price increases, while supporters claim they are necessary to curb price gouging by oil companies. Labor unions have also expressed opposition, siding with Chevron against the proposed regulations.
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Similar markets
CARB Regulations • 25%
Market Fluctuations • 25%
Supply Chain Issues • 25%
Other Factors • 25%
Less than 30¢ • 25%
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50¢ to 65¢ • 25%
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70 to 85 cents • 25%
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No significant change • 25%
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Increased use of public transport • 25%
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Northern California • 25%
Central California • 25%
Southern California • 25%
Coastal California • 25%