Get the Facts

Cap and Trade for Fuels

CARB’s New Hidden Gas Tax Could Add Up to 76 Cents per Gallon to Fuel Costs

The cap-and-trade for fuels is a regulation already adopted by the California Air Resources Board that will increase the cost of gasoline and diesel fuels by up to 76 a cents a gallon, according to the agency’s own analysis!

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Fuel Supply

  • California is the 3rd largest gasoline consuming market on earth, behind only the United States as a whole and China
  • California consumes about 41 million gallons of gasoline and 11 million gallons of diesel fuel a day
  • To supply the state’s demand for fuel, California refineries produce 2 million gallons of gasoline and diesel fuel per hour, every day, 365 days a year
  • California uses an average of 6.4 billion cubic feet of natural gas a day
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Fuel Markets

  • California fuel markets are tightly balanced, meaning the supply of fuels from California refineries is roughly the same as the demand for those fuels
  • California is a fuel island. Refineries here are not connected to other refining centers in the US by pipelines as they are in other regions of the country
  • California’s 14 fuel refineries receive 38 percent of their crude oil from California, 12 percent from Alaska and 50 percent from foreign sources
  • The cost of crude oil is the largest component in the cost of gasoline and all crude oil produced in California is used in California refineries

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