HomePersonal FinanceCalifornia Gasoline and Diesel Consumption Down in August, Fuel Tax Data Says

California Gasoline and Diesel Consumption Down in August, Fuel Tax Data Says

Sacramento – California's gasoline demand declined 1.1 percent while average prices were $4.11 per gallon in August 2012 according to fuel tax data released today by Chairman Jerome E. Horton of the California State Board of Equalization (BOE). Diesel consumption declined 2.1 percent while diesel fuel prices averaged $4.24 per gallon in August.

"High gasoline prices are affecting fuel consumption in California," said Horton. "We are certainly seeing a trend of Californians buying less gasoline and it appears that Californians are buying more fuel efficient vehicles."

California's gasoline consumption was 1.26 billion gallons in August 2012, down 14 million gallons or a 1.1 percent decline from last August. California average gasoline prices were up 29 cents to $4.11 in August or 7.5 percent higher than August 2011, according to the Energy Information Administration (EIA). The EIA also reported that U.S. retail gasoline prices averaged $3.78 a gallon in August 2012, up 8 cents from August 2011.

California's diesel consumption was 223 million gallons in August 2012, down 5 million gallons or a 2.1 percent decline from August 2011. California's average diesel prices went up 23 cents to $4.24 per gallon this August compared to August 2011. The EIA reported the U.S. average diesel prices in August was up 12 cents to $3.98.

For more information on California fuel statistics reports based on fuel tax receipts paid by distributors in California, visit: www.boe.ca.gov/sptaxprog/spftrpts.htm.

Taxable Gasoline Gallons Report: www.boe.ca.gov/sptaxprog/reports/MVF_10_Year_Report.pdf.

Taxable Diesel Gallons Report: www.boe.ca.gov/sptaxprog/reports/Diesel_10_Year_Report.pdf.

(See below charts for gasoline and diesel consumption that compare one month with the same month in a previous year. For example, gasoline consumption in August 2012 was 1.1 percent less than August 2011.)

African American news from Pasadena - Business - Fuel Consumption - California
African American news from Pasadena - Business - Fuel Consumption - California

Elected in 2010, Chairman Jerome E. Horton is the Fourth District Member of the California State Board of Equalization, representing more than 8.5 million residents in Los Angeles County. He is also the Board of Equalization's Legislative Committee Chairman. He is the first to serve on the Board of Equalization with over 21 years of experience at the BOE. Horton previously served as an Assembly Member of the California State Assembly from 2000-2006.

The five-member California State Board of Equalization is a publicly elected tax board. The Board of Equalization collects more than $53.7 billion annually in taxes and fees supporting state and local government services. It hears business tax appeals, acts as the appellate body for franchise and personal income tax appeals, and serves a significant role in the assessment and administration of property taxes. For more information on other taxes and fees in California, visit www.taxes.ca.gov.

 

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