Washington's latest CO2 auction shows residents will continue to pay "outrageously more" than California

OLYMPIA–The state held its special auction for CO2 allowances last week. When the results were announced, they indicated that higher gas prices may be coming.

As part of the state's new tax on CO2 emissions, known as the Climate Commitment Act, organizations that emit CO2, like BP or Washington State University, must purchase permits for every metric ton (MT) of CO2 emitted by their operations or...