Gavin Newsom wants to make the country's most expensive gas even more expensive

California Gov. Gavin Newsom released his revised state budget proposal for FY 20252026 on Wednesday .

Newsom 's budget calls for maintaining or extending expensive government programs, including the state's cap-and-trade program, which was set to expire in 2030 .

The California Climate Investments program has funded $12.8 billion worth of environmental and energy projects since 2014 .

While some auction funds go toward utility bill rebates, the program has increased energy costs for Californians .