November 4, 2024 Breaking News, Latest News, and Videos

Los Angeles County Gas Prices Rise Moderately:

Industry fears of a 10-cent increase in gasoline prices due to a new California carbon tax seem to have fallen by the wayside, as the retail price in Los Angeles County on Saturday was $2.674, 2.2 cents lower than a week ago.

That price was up 2 cents in the last day, the largest daily increase since April 13. On Friday, the average went up eight-tenths of a cent, ending a 92-day streak of decreases.

In Orange County, the average price measured by the AAA and Oil Price Information Service today was $2.648, a figure that was 1.4 cents less than one week ago.

The increases come in connection with Thursday’s start of gasoline being covered under California’s Cap-and-Trade Program, which encourages fuel suppliers to reduce greenhouse gas emissions by taxing the production of fossil fuels. The complicated tax gives incentives for petroleum suppliers to use low- carbon fuel stocks, and requires them to buy pollution permits for the greenhouse gases generated by the fuel they deliver.

Despite the increase in L.A. County of 2.8 cents over two days, that average price was 41 cents lower than one month ago and $1.025 below what it was one year ago, according to figures from the AAA and Oil Price Information Service.

The price dropped $1.069 during the 92-day streak of decreases to its lowest amount since May 25, 2009.

The Orange County average price was the second in a row after dropping 32 consecutive days and 59 of the previous 60, as it dropped 69.4 cents to its lowest level since May 23, 2009.

The Orange County average price was 39.4 cents lower than one month ago and $1.035 below what it was one year ago.

The Cap-and-Trade Program is among the provisions of the Global Warming Solutions Act of 2006, approved by the Legislature and signed into law by then- Gov. Arnold Schwarzenegger.

Industry lobbyists had pressed hard to kill the greenhouse gas fee before it began, calling it a hidden tax that would hurt lowest-paid Californians particularly hard.

in News
<>Related Posts

Coast Guard Completes Marina del Rey Yacht Fire Fuel Cleanup

November 4, 2024

November 4, 2024

The Vessel No Longer Poses a Pollution Threat After Weeks of Recovery Operations Cleanup efforts have concluded in Marina del...

Legendary Music Icon Quincy Jones Dies at 91 in Bel Air

November 4, 2024

November 4, 2024

Celebrated Musician, Producer Leaves an Indelible Legacy By Dolores Quintana Legendary musician, music producer, film and television producer, composer of...

Brentwood’s Beloved New York Bagel Co. to Close After 21 Years at Topa Town & Country Center

November 4, 2024

November 4, 2024

Local Favorite, Designed by Renowned Architect Fred Gehry, Must Vacate by December 31 By Dolores Quintana New York Bagel Co.,...

Activist Named 24th Senate District’s “2024 Woman of the Year”

November 3, 2024

November 3, 2024

In Addition to Working With the Alzheimer’s Association, She Has Been Active in the Stop Asian Hate Movement Senator Ben...

Santa Monica Pier Bridge to be Replaced in $29M Project

November 3, 2024

November 3, 2024

The Updated Design Includes Expanded Walkways, Modern Lighting, and New Railings Santa Monica has finalized the design for a new...

H5N1 Detected in LA County Wastewater, Health Officials Urge Precautions for Residents

November 3, 2024

November 3, 2024

Los Angeles County Investigates Low-Level H5 Avian Flu Detected in Wastewater The Los Angeles County Department of Public Health is...

Beverly Hills City Government Agrees to a Stipulated Judgment After Blocking Abortion Clinic Opening

November 1, 2024

November 1, 2024

City to Implement Training, Oversight on Reproductive Rights Following Legal Settlement  California Attorney General Rob Bonta announced a legal agreement...

Dia De Los Muertos 2024: Here’s Where To Celebrate The Holiday Tradition This Weekend

October 31, 2024

October 31, 2024

Los Angeles Has a Variety of Ways to Explore Latino Culture and Honor Ancestors Starting just after Halloween, Dia de...

Santa Monica Seeks Public Input on Cannabis Equity Program

October 31, 2024

October 31, 2024

This Program Aims to Ensure That Individuals Affected by Past Criminalization Have Fair Access to Opportunities Santa Monica is calling...

(Video) Downtown L.A. Reacts to World Series Victory

October 31, 2024

October 31, 2024

The Dodgers Are World Series Champs For The Eighth Time https://www.tiktok.com/t/ZTFtyDDKn

Here’s Why West L.A. Stunk So Bad This Week

October 31, 2024

October 31, 2024

Coastal Communities Were Blanketed by an Intense Smell Brought on by an Oceanic Phenomena Sarena Snider had just returned to...

Halloween Pre-Game Party Brings Chills and Spooky Thrills to The Rose Venice

October 31, 2024

October 31, 2024

Enjoy Halloween With Festive Cocktails, Appetizers, and a Costume Contest The Rose Venice in Venice is set to host a...

Michael Mina’s Egyptian-Mediterranean Restaurant Opens in Santa Monica

October 30, 2024

October 30, 2024

Inside, the 270-Seat Restaurant’s Interior Draws Inspiration From Greek and Egyptian Coastal Aesthetics Renowned chef Michael Mina has opened his...

Los Angeles Dodgers Win 2024 World Series in Thrilling Comeback Against Yankees

October 30, 2024

October 30, 2024

Dodgers Claim the Championship Title With a Stunning Victory After Intense Game By Dolores Quintana The Los Angeles Dodgers are...

Trailer for Luca Guadagnino’s Queer Drops, Set for Limited Release on November 27

October 30, 2024

October 30, 2024

Based on William S. Burroughs’ Novel, the FilmBrings a Powerful Love Story to Life Not content with releasing one amazing...