Archive for September 20th, 2012

September 20, 2012

Low Carbon Fuel Standard Will Devastate Washington State’s Economy

by lewwaters

Guest post re-posted with author’s permission

In 2011, American drivers paid an all-time record high average price of $2.53 per gallon for gasoline. In 2012, we have seen average high records broken with a disturbing regularity – including a new record high for Labor Day last month. Economists across the country have discussed at length the impact that high transportation costs have on the economy in terms of reduced household purchasing power and increased prices for goods delivered by truck (i.e., everything that anyone buys at any store), which makes recent efforts by the University of California-Davis and the Obama Administration to develop a Low Carbon Fuel Standard program which will double gasoline and diesel prices particularly disturbing.

The National LCFS Initiative, which is headed by UC-Davis and the Department of Energy’s Oak Ridge National Lab, is dedicated to developing a cap and trade program for transportation fuels called a Low Carbon Fuel Standard that restrict use of traditional fuels like gasoline and diesel in the hopes of spurring development of “low carbon fuels” such as cellulosic ethanol, and increased use of electric and natural gas vehicles – a policy that is fundamentally ineffective and will be devastating to local economies.

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