Lundberg Letter - May 22, 2015: Thanks to Global Warming-Heated Regs,
CALIFORNIA MOTORISTS GET FUC FEE
Will California motorists be paying $13.00 gal., or far more than that, in
coming years? The recent pump price spike is due in part to the little-reported
implementation of the California FUC fee, one of two state permit programs designed
to prevent global warming by hiking fuel prices. Herein, the price elasticity of
gasoline demand is examined.
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