A potentially dramatic hike in the cost of gasoline has Gov. Jay Inslee at odds with an analysis released Tuesday by the conservative-leaning Washington Policy Center (WPC). FOX13
, drivers could see a hike of $0.46 a gallon and $0.56 a gallon for diesel next year.
The law requires businesses and organizations that produce more than 25,000 tons of greenhouse gases a year to obtain emissions allowances for their total emissions. The law is supposed to take the money from those companies paying to emit CO2 gas and put it into the state's general fund spending. "The political rhetoric is to call it ‘cap and invest’ because they take the taxes, and then they spend it," says Todd Myers, the Environmental Director for the Washington Policy Center.
But Myers used the same Department of Ecology report that the Governor cites for his pennies remarks, for his analysis. Unfortunately, the report doesn’t provide an apples-to-apples comparison. Instead, it uses potential percentage increases in the cost of fuel.
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