Small Parts Manufacturing is dedicated to keeping our customers updated on any alerts we receive from our outside vendors on material costs and other important information.
Recently, we received the following message from an outside vendor:
“You are likely aware of the Climate Commitment Act (CCA) passed by the Washington State Legislature in 2021. The goal of the CCA is to reduce greenhouse gas emissions by 95% by 2050. The CCA includes a cap-and-invest program, which sets a limit on overall carbon emissions and requires businesses to purchase permits to combat climate change. At this point, most oil companies are planning to include this fee in the overall cost of fuel.
Effective January 2023, you can expect an increase in rack prices as we begin to implement this new mandate. Our fuel analysts estimate gas prices will increase 32 to 47 cents per gallon for the average user. Ultra-low-sulfur diesel (ULSD) will likely increase by 40 to 57 cents per gallon.
We recognize this is a significant industry change and appreciate your patience as we navigate these changes together. If you have any questions or concerns, please contact your Sales Representative.”
SPM would like you to know that as of now, we do not plan to increase our own prices. We will continue to keep you up to date as we receive more information.