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California is considering handing oil refineries and other major polluters billions of dollars in free emission allowances just as the state says carbon reductions need to come faster than ever.
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Sharp increases in the cost of fuel, triggered by the U.S. war with Iran, are reverberating through the global economy. In the Pacific Northwest, commercial fishermen are grappling with surging costs for the diesel fuel that powers their boats along the West Coast fishing grounds.
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The Oregon Department of Environmental Quality will decrease how much qualified buyers can receive through its popular electric vehicle rebate programs to stretch funding.
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At $6 a gallon, California drivers are paying the highest gas prices in the nation. Gasoline supplies look stable for the next six weeks but are uncertain after that as California leans more on imports.
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A State Assembly oversight hearing on petroleum in California Tuesday painted an uncertain picture with projections the state has enough oil and gas for the next six weeks.
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Small retailers — facing higher costs, uncertainty from tariffs and now rising fuel and shipping prices — wonder how long they can survive.
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California is infamous for its steep gas prices, which are the highest in the country. And in recent days prices have been spiking, with a gallon of regular unleaded crossing $5.30 on average in the Golden State compared to the national average of around $3.60.
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California built a first-in-the-nation system to police refinery profits during price spikes. Regulators delayed it for five years.Gasoline has surged to record highs as global oil markets spike amid the Iran war.The spike exposes a deeper problem: fewer refineries and limited California fuel supply.
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Drivers across Oregon paid an average of 16 cents more per gallon on gas last week after an unplanned pipeline outage limited the gasoline supply flowing into the state.
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The California Energy Commission decided last week to suspend its ability to impose a profit cap on gasoline refiners for the next five years.
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No immediate hike in California gas prices will occur but Democrats and Republicans in the Legislature fear the effects of the clean-fuel program.
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The state air board will vote on changes to its landmark clean fuel program that would cut more greenhouse gases but could raise the cost of gas and diesel.
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California Gov. Gavin Newsom signed a law Monday aimed at preventing gas prices from spiking, marking the Democrat's latest move in a battle with the oil industry over energy prices and the impacts of climate change.
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The California state Senate passed a measure Friday to prevent gas prices from spiking in a state where it is notoriously expensive to fill up at the pump.