Drivers will need to make $1,000 extra to afford gas in 2025 and it’s worse depending on what car you have
According to an expert, drivers in one US state will have to earn an additional $1,000 in order to pay for gas prices in the upcoming year.
A rule requiring gas stations to carry a more costly blend of fuel is expected to cause the price increase.
California gas stations will be required to use the new, cleaner gasoline, which has been approved by the state’s Air Resources Board (CARB), starting next year.
A research from the University of Pennsylvania suggests that this move might cause petrol prices to rise by as much as $0.65 per gallon next year and as much as $0.85 by 2030.
According to another estimate, gas prices will rise by a little lower $0.47 per gallon, according to Professor Michael A. Mische of USC’s Marshall School of Business.
According to Mische, Golden State drivers will have to pay an additional $222 to $449 year for standard petrol and more for premium.
READ MORE ON GAS PRICES
According to Fox11, a Los Angeles-based Fox affiliate, drivers who depend on petrol for their automobiles will need to earn an additional $600 or perhaps $1,000 in pre-tax income in 2025 simply to break even.
“The increase contributes to inflation, the high cost of living in California, and has a disproportionate and adverse impact on lower-income Californians,” Mische stated.
As part of California’s initiatives to expand access to greener fuels, the CARB revised its low carbon fuel requirement.
According to the World Population Review, California already has the highest average gas costs in the United States.
Due in part to increased taxes and more stringent environmental restrictions, regular gasoline now costs $4.96 a gallon.
The state’s price index is linked to state prices.
Gas station with 270 locations to close down store after 30 years and customers have days left to visit
By the end of next year, the action may push California’s retail gas prices over 60% higher than the national average.
Mische also attributed the spike in gas costs on the decision to shut down a refinery in Los Angeles this year in defiance of environmental goals.
“Policy has consequences,” he cautioned in his report.
Electric vehicles vs gas
Pros and cons of electric automobiles versus those that run on gasoline
EV Advantages:
- Convenient (when charging at home)
- Cheaper (depending on state or city)
- Cheaper maintenance, due to lack of mechanical parts
- Great for commuting
- Reduced CO2 emissions
- Federal and state tax incentives
- More performance (speed, handling – depending on the make and model)
EV drawbacks
- Higher initial cost
- Higher insurance rates
- More frequent tire and brake replacement intervals
- Higher curb weight (thus causing more rapid wear on crucial parts)
- Low resale value
- High depreciation rates
- Lack of charging infrastructure
- Unreliable public charging (related: slow charging times)
- Poor winter and summer performance
- Lack of clean energy alternatives means more “dirty energy” from coal and nuclear sources
- Range anxiety
PROS OF GAS:
- Highly developed refueling infrastructure
- Fast refueling
- Cheaper insurance rates, depending on make, model, and configuration
- Established repair industry
- Lower initial cost
- Higher range before refueling, especially with hybrids
- Many manufacturers produce nearly emission-less engines
- Cheaper refueling, depending on the location
CONS OF GAS:
- Finite resource (related: heavy dependence on petroleum)
- Carbon emissions/greenhouse gases
- Higher repair costs
- Higher insurance rates, depending on make, model, and configuration
- Varying costs at the pump, depending on state, city, and county
Source: Perch Energy, AutoWeek, Car & Driver
To combat the skyrocketing cost of petrol, Governor Gavin Newsom approved a new law in October.
Donald Trump, the incoming president, has promised to prevent states from establishing their own pollution regulations.
Additionally, he has pledged to prevent states from outlawing cars that run on gasoline.
By 2035, California intends to gradually replace conventional automobiles with electric vehicles.
Democratic Governor Newsom has come under fire from Republicans after it was disclosed that he has left Sacramento, the state capital, and will now be driven to work in a gas-powered vehicle.
In a statement, Senate Minority Leader Brian W. Jones stated, “Newsom is totally out of touch, recently buying a $9.1 million mansion in Kentfield, a wealthy town that’s 90 miles away from his job in Sacramento.”
Read More on The US Sun
“While regular Californians face tough choices between putting food on the table or gas in their cars, Newsom will be chauffeured to work from his luxury home in a taxpayer-funded car, running on taxpayer-funded gas, on the rare occasions he decides to show up.”
According to Fortune, only sixteen percent of Californians can buy a home, making it one of the most expensive states to live in.
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