365betÌåÓýÔÚÏßÊÀ½ç±­

California gas prices could rise up to $1.15 per gallon next year thanks to the state’s new carbon credit system, taxes, refinery regulations and refinery shutdown. This would require the typical Californian to make up to $1,000 per year more in pre-tax income to “break even,� according to an analysis from a professor at the USC Marshall School of Business.

“The increase contributes to inflation, the high cost of living in California, and has a disproportionate and adverse impact on lower income Californians," wrote Professor Michael A. Mische. “To compensate for the increases, the average Californian driving an internal combustion vehicle will have to earn an additional $600.00 to $1,000.00 a year in pre-tax income in order to “breakeven� with 2024 prices, depending on the grade of gas they purchase.�