FOR IMMEDIATE RELEASE

Alicia Isaacs, (916) 224-8488

August 6, 2014

Legislative Analyst Report Confirms Gas Hikes

SACRAMENTO Assemblymember Henry T. Perea (D-Fresno) commissioned a report from the Legislative
Analysts Office (LAO) asking the nonpartisan Legislative advisor to comment on the effects of including
transportation fuels in Californias cap-and-trade program.

Its important to get an objective analysis of the effects fuels under the cap will have on consumers, said
Assemblymember Perea. As I suspected, the LAO report confirmed that after reviewing several studies, there
is widespread agreement that including transportation fuels in the Cap-and-Trade program will increase the
retail price of gasoline. This is why I authored Assembly Bill (AB) 69-so the California Air Resources Board
(CARB) and the Legislature can have a practical policy debate and explore ways to provide relief to consumers
who cant afford gas hikes.

Specifically the LAO commented, As we discuss in this letter, the studies we reviewed suggest that, by 2020,
the resulting prices increase likely will be about 13 cents to 20 cents per gallon, but the price increase could
exceed 50 cents per gallon. The report goes on to state, The magnitude of this price increase is uncertain.

***A full copy of this report is attached to the release.***


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