Posts Tagged: fuel
News
An attempt to delay inclusion of transportation fuels in California’s program to fight greenhouse gases has been blocked by the leader of the Senate, who said any delays would harm the public’s health and diminish air quality. Senate Leader Darrell Steinberg, D-Sacramento, said the bill, AB 69 by Assemblyman Henry Perea, D-Fresno, would not receive a hearing before the legislative session adjourns on Aug. 31, a move that virtually assures the measure’s demise.
News
In this dry summer, water is on everyone’s mind, but the Legislature will be dealing with the cost of another liquid precious to Californians – gasoline. Starting Jan. 1, gasoline prices are to be raised by an estimated 15 cents per gallon as a consequence of an increased tax on oil and gas companies to help curb release of greenhouse gas emissions.
News
Most Californians support the state’s landmark law mandating the reduction of greenhouse gas emissions, according to a statewide survey released today. More specifically, strong majorities support two aspects of the state’s efforts to address global warming: a requirement that oil companies produce cleaner transportation fuels and the goal that a third of California’s electricity come from renewable energy sources. But residents’ support declines significantly if these two efforts lead to higher gas prices or electricity bills.
News
Currently, fuel is about $4 per gallon and California burns about 14 billion gallons annually. Estimates of the magnitude of a potential hike vary widely, but most range from 15 to 20 cents per gallon, which would raise perhaps $2.1 billion to $2.8 billion annually. Efforts are under way in the Capitol, led by the petroleum industry, to exempt transportation fuels from the auctions until 2018.
Opinion
OPINION:When it comes to attracting investment and creating stable communities through good-paying jobs, the Inland Empire has been dealt some good cards, and some bad cards. Too often, what comes out of Sacramento falls into the latter category.
Opinion
OPINION: Despite strong efforts to ratchet down on smog and soot pollution, California still has some of the worst air quality in the nation and most urban areas in California continue to struggle with polluted air.
Opinion
OPINION: Most of us don’t think twice about our options when we stop to fill our tank with gasoline. But what if you knew you had a choice of fuels, not just of brands?
Opinion
OPINION: Sacramento, for example, experienced the driest year since they began measuring rainfall in 1878. Conditions are so dry that some cities in the Central Valley are already imposing water rationing orders and more are expected to follow. According to the U.S. Drought Monitoring System, approximately 85% of the state is suffering from severe drought, and the snow pack is so meager in some places, there is simply no snow to measure.
Opinion
Indeed, gasoline markets as reflected in the prices have been fairly stable in recent months. And rather than showing signs of spike, prices have been trending downward since July. Of course no one can predict what prices will do in the future, least of all Mr. McCullough, because no one can predict the myriad forces that influence the supply and demand for gasoline.
Opinion
It’s no secret Californians pay some of the highest gas prices in the nation. And even though consumers and the economy have just gotten over last year’s historic gas prices, another spike seems to be knocking on our door. For more than 20 years I have focused on creating efficient energy markets – ranging from helping the prosecution of Enron executives to working on market manipulation issues across the U.S. and Canada. Over the past 18 months California gasoline prices have spiked repeatedly – with little relationship to world oil prices, or supply and demand.