Posts Tagged: Hull

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.