Jon Slavet
👤 SpeakerAppearances Over Time
Podcast Appearances
And so the way it works is if you produce energy in California, you get taxed.
So if you emit carbon,
emissions get taxed in California uniquely.
If you produce electricity, you refine petroleum for gas, you name it, those taxes
end up getting passed along to the consumer.
So the energy producers have to mark up their prices to the California customer.
They don't eat it.
They mark it up.
Just like tariffs.
Right.
It's the same thing.
It's like a tariff.
And so in California, our average gas, if you're at 91 unleaded, if you drive a gas-powered car, you're paying...
$5 if you're lucky, maybe $5.50, $6 in a ritzy town.
If you're in 89 unleaded, you're paying $4, $4.50.
My mom in Boston pays $2.89 in north of Boston.
And so that dollar and a half extra is pure tax.
And we also have a custom fuel mix, two seasons of a custom fuel mix that our refiners have to refine, which is state imposed.
No other state does this, Chuck.
None of the other 49 states have a custom fuel mix.