Cap-and-trade, LCFS, and gas tax bills would mean higher energy prices and do little for the environment
Washington drivers could see an increase in the cost of gas of between 30 and 50 cents per gallon in 2023 if climate and gas tax bills are adopted this month.
Washington drivers could see an increase in the cost of gas of between 30 and 50 cents per gallon in 2023 if a package of climate and gas tax bills is adopted this month. That would be on top of the 67 cents a gallon in gas taxes Washingtonians already pay.
The three bills are a low-carbon fuel standard, a gas/carbon tax in a transportation package, and a CO2 cap-and-trade bill. All are connected legislatively, and bill sponsors have made implementation of each contingent on passage of the others. All three bills would significantly increase the cost of gasoline, now and in the future.
We’ve written repeatedly about the costly and ineffective low-carbon fuel standard. Here are a few observations about the strengths and weaknesses of SB 5126, the CO2 cap-and-trade legislation.
Read the full Legislative Memo here.