Gas prices set to surge across California next week

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SAN DIEGO — California drivers are bracing for a substantial increase in gas prices starting July 1, as multiple new taxes and regulations take effect. Experts are divided on just how high prices will climb, but some estimates suggest they could reach up to $6 per gallon.

The first factor contributing to the price hike is an increase in the state's excise tax, which will rise by 1.6 cents per gallon. However, this is just the beginning of the cost increases.

A more significant impact is expected from the Low Carbon Fuel Standard program, approved by the state's air resources board in November. This program aims to reduce California's greenhouse gas emissions, but will result in stricter regulations on gas producers.

State Senate Minority Leader Brian Jones expressed his disappointment with the new program, stating, "All of that is increased cost that is eventually passed on to the consumer, and estimates now are up to 65 cents a gallon per gallon of gasoline."

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These estimates could worsen if tensions in the Middle East escalate, potentially pushing prices even higher. Additionally, the closure of two refineries - one this year and another next year - could further impact prices. Jones warns that these factors combined could push gas prices up to $8 per gallon by the end of 2026.

In response, he has launched an online petition demanding that legislators repeal the Low Carbon Fuel Standard, which has garnered over 25,000 signatures.

"We've got to start protecting the economy in California now that we've protected the environment in California," Jones argued.

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Wonder if Gavin Newsom’s 2028 rallying cry is going to be price gouging by oil companies and how he’s going to protect all Americans.