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As an increase in the excise gas tax takes effect comes a separate change related to California’s Low Carbon Fuel Standard.
California’s energy market regulator is backing off a plan to place a profit cap on oil refiners in the state.
And California’s gasoline prices are already the highest in the nation—even surpassing Hawaii’s.
First, the state’s excise tax rate will increase from 59.6 cents to 61.2 cents per gallon. That happens July 1 with the penny ...
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