• Corpus ID: 151076914

The Implications of a Gasoline Price Floor for the California Budget and Greenhouse Gas Emissions

  title={The Implications of a Gasoline Price Floor for the California Budget and Greenhouse Gas Emissions},
  author={Severin Borenstein},
California is faced with an unprecedented budget crisis. The state is also committed to significant reductions in greenhouse gases that cause climate change. Meanwhile, the price of gasoline is plunging as the world economic slowdown cuts oil demand. At the intersection of these three situations lies an opportunity. In this policy paper, I analyze the effects of a transportation fuel surcharge that moves inversely to the price of oil. Such a surcharge could stabilize gasoline prices at levels… 

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