New Yorkers could soon be paying $6 a gallon for gas, thanks to Albany’s policy mistakes. The prospect of soaring gas prices comes amid a larger rise in energy costs, accelerated by the growth in data centers and the Iran conflict. Yet $4 -a-gallon gas could soon prove a pleasant memory across the Empire State unless the Democrats correct their misguided green energy policies.
As things stand, these policies are pushing the state toward an economic and energy disaster. Governor Andrew Cuomo’s green energy law, the Climate Leadership and Community Protection Act, passed in 2019 at 2 a.m. on the last day of the legislative session, subjected New York to draconian regulations to cut greenhouse gas emissions. This was done deliberately, without regard to how much it was going to cost New Yorkers, and whether it was even possible.
To comply with these self-imposed constraints, Albany is planning to impose a “Cap-and-Invest” scheme, which could result in $2.26 per gallon tax, which — on top of the usual average $3.50 a gallon price — could push gas to nearly $6 a gallon. New York would end up like California, where high taxes and special requirements drive gas prices to astronomical levels.
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