Gas prices are at an all time high.
And California’s feeling the pain more than any other state.
But relief could be coming soon.
According to SFGate, lawmakers have a plan to give Californians a break.
The proposed bill would allocate $9 billion to help you pay for your next tank of gas.
In total, you’d see approximately $400.
SFGate quotes California Assemblywoman Cottie Petrie-Norris (D-Irvine), one of the architects of the effort:
“Many Californians are feeling severe financial pain at the pump and looking to California’s leaders for help… We believe a rebate is the best approach to directly put money in people’s pockets.”
The bipartisan package is seen as an alternative to repealing the state’s $0.51 per gallon tax.
Under the proposal, the only thing you need to do to qualify for the rebate is file your taxes.
While the bill hasn’t been signed, it does have bipartisan support.
So it might be a good idea to get your 2021 taxes done sooner rather than later.
According to the LA Times, California currently has the highest cost per gallon in the United States.
And it’s due to a number of factors.
For one, the aforementioned gas tax adds a lot per gallon.
Second, the push to return to the office is increasing demand.
And lastly, the situation in Eastern Europe has increased the cost of crude oil per barrel.
With current Russian sanctions in place, that cost is only expected to rise.