View Mobile Site
 

Ask the Expert

Signal Photos

 

California Gasoline and Diesel Consumption Data Declines in Fourth Quarter of 2012

Posted: April 30, 2013 2:01 p.m.
Updated: April 30, 2013 2:01 p.m.
 

Sacramento – California’s gasoline consumption declined 1.7 percent, while diesel consumption declined 0.4 percent in the fourth quarter of 2012, according to fuel tax data released by George Runner, Second District Member of the California State Board of Equalization (BOE).

“Californians are buying less gas but paying more tax,” said Runner. “Even with falling consumption, Californians paid a record $8.3 billion in fuel taxes last year. That may be good news for government bureaucrats, but it’s a raw deal for overtaxed Californians.”

BOE’s gasoline fuel tax report shows Californians consumed 3.58 billion gallons of gasoline in the fourth quarter of 2012, a 1.7 percent decline from the 3.64 billion gallons consumed during the fourth quarter of 2011. In California, the average price of gasoline in the fourth quarter of 2012 was $3.99 per gallon, which is a 19 cent increase over the average price of $3.80 per gallon in the fourth quarter of 2011. Nationally, the average price of gasoline during the fourth quarter of 2012 was $3.57, according to the Energy Information Administration (EIA). BOE estimates statewide gasoline tax-related revenues for the fourth quarter of 2012 are $432 million in sales taxes and $1.29 billion in excise taxes.

California’s diesel fuel consumption decreased 0.4 percent in the fourth quarter of 2012 to 653 million gallons, compared to 656 million gallons in the fourth quarter of 2011. In California, the average price of diesel fuel in the fourth quarter of 2012 was $4.21 per gallon, which is an increase of 8 cents over the average price of $4.13 in the fourth quarter of 2011. Nationally, the average price of diesel fuel in the fourth quarter of 2012 was $4.02 according to the EIA. BOE estimates statewide diesel fuel tax-related revenues for the fourth quarter of 2012 are $248 million in sales taxes and $76 million in excise taxes.

Note: The Signal delivers press releases from reliable sources to provide up-to-the-minute information to our website readers. Information directly from news sources has not been vetted by The Signal news room. It may appear subsequently in news stories after it has been vetted.

 

Comments

Commenting not available.
Commenting is not available.

 
 

Powered By
Morris Technology
Please wait ...