Chevron say expect higher fuel prices with end of ethanol tax break

In California, Chevron warned its marketers that the ethanol tax break may be coming to an end in the near future. In the notification, the company indicated that higher pump prices are a likely effect for consumers.

“We’ll be sending our dealers a copy of the letter so that they know what’s happening,” said a large Chevron-branded jobber at press-time. “We pass the credit through, so the main effect will be an increase in gasoline prices to dealers and to the public.”