More great work from out political elites

The Bee reports :

Gas prices rise for first time in weeks; California cap-and-trade effect cited

State officials, energy analysts expect at-the-pump costs to increase up to 10 cents in short term.

Cap and trade is just another way for the government types to leach money out of the pockets of those who actually earn it.  In addition, this needless tax will impact hardest on those who can least afford it.   The estimates of what the ultimate cost per gallon of this boondoggle vary.

The impact on pump prices will depend on the carbon content in a gallon of fuel, and the market price of emissions credits, currently about $12 a ton. UC Berkeley’s Borenstein recently projected an increase of 9 to 10 cents a gallon in the first few days of 2015.

While that might seem small given the gas price declines of the past eight weeks, some business operators, elected officials and economists have raised alarms about any price increase in a state where motorists pay nearly 67 cents in taxes on each gallon of gas. The recent, unusually low gas prices have been hailed as a major boost for businesses that rely heavily on fuel, including trucking operations, transportation companies, auto sellers and parcel delivery firms.

That's the conservative estimate.

Opponents and supporters of the state’s effort to combat climate change offered wildly different predictions in recent weeks for how much gas prices would rise when the industry was included in California’s cap-and-trade market. State officials and some environmentalists insisted that it would be just a few cents a gallon. Oil industry leaders raised fears of spikes as high as 75 cents or more a gallon.

Consider as well that no government bureaucrat can resist fooling around with the rules to suit their fancy.  Expect that that will happen here, all of which will serve to push prices up.  

Now we get to receive the punishment required of us for satisfying the global warming fantasies of the hyper liberal coastal elites.  It won't stop until they find out how much of our money they can drain from our pockets.  Given their initial success using this transparently farcical reason, one can only expect that they will be emboldened to up the financial pain of all us commoners.

Read more here: http://www.sacbee.com/news/business/article5365401.html#storylink=cpy

Read more here: http://www.sacbee.com/news/business/article5365401.html#storylink=cpy

Read more here: http://www.sacbee.com/news/business/article5365401.html#storylink=cpy