Washington state’s nation-leading gasoline prices should serve as a warning
Fox News
What explains the almost $2 extra at the pump in Washington and California? Part of it is state taxes. But what really sets them apart is their climate policies targeting gasoline.
Ben Lieberman is a senior fellow who specializes in environmental policy at the Competitive Enterprise Institute.
The cheapest gas is in Mississippi at $2.96 per gallon, and several other states are under $3.30. This gives a real-world yardstick of what is possible at current oil prices.
So what explains the almost $2 extra for gas in Washington and California? Part of it is state gasoline taxes. The 18.4 cents per gallon federal tax is uniform, but state taxes vary, and both Washington state and California are higher than the average of 39 cents per gallon. Further, tough state refinery regulations and gasoline specifications also explain part of the difference.
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