I had thought it was a new built in cost because of Washington state’s carbon cap and trade. Basically the cost of the new cap and trade system is being passed on to consumers even though the first auction JUST took place and was completely voluntary. Gas companies can now charge higher rates and say “it’s because of this new tax”. (While still pulling in record profit after tax).
coyboi88 t1_jbr2akt wrote
Reply to Who can tell me why gas price is so high? by carmetro1
I had thought it was a new built in cost because of Washington state’s carbon cap and trade. Basically the cost of the new cap and trade system is being passed on to consumers even though the first auction JUST took place and was completely voluntary. Gas companies can now charge higher rates and say “it’s because of this new tax”. (While still pulling in record profit after tax).