Washington—The price of a tradable credit in California’s Low Carbon Fuel Standard rose to an average of $57 in July, more than three and a half times the $16 the credits cost in 2012, according to a report released this week by the state’s Air Resources Board. But even with the increase, the board said the state’s transportation fuel supplies remain ample and estimated that the LCFS is contributing to just a 0.7 cent/gal rise in prices at the pump.
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