By Staff Reports
(Victor Valley) – California’s gasoline consumption increased 0.9 percent, while diesel consumption increased 4.0 percent in the third quarter of 2013, according to fuel tax data released George Runner, Second District Member of the California State Board of Equalization (BOE).
“Lower gas prices are leaving more money in consumers’ pockets and boosting economic activity,” said Board of Equalization Member George Runner. “That’s good news for California.”
The BOE’s state taxable gasoline gallons report reveals Californians consumed 3.71 billion gallons of gasoline in the third quarter, a 0.9 percent increase from 3.68 billion gallons used in the third quarter of last year. The average price of gasoline was $3.99 per gallon in California during the third quarter, which is a six cent decrease from the average price of $4.05 per gallon in the third quarter of 2012. Nationally the average price of gasoline in the third quarter was $3.64, according to the Energy Information Administration. The BOE estimates statewide gasoline tax-related revenues for the third quarter of 2013 are $422 million in sales taxes and $1.5 billion in excise taxes.
The BOE’s state taxable diesel gallons report shows California’s diesel fuel consumption increased 4.0 percent in the third quarter to 705 million gallons, compared to 678 million gallons during the third quarter of last year. In California, the average price of diesel fuel in the third quarter was $4.06 per gallon, which is a 14 cent decrease from the average price of $4.20 in the third quarter of 2012, while the nationwide average price of diesel fuel was $3.87. The BOE estimates statewide diesel fuel tax-related revenues for the third quarter of 2013 are $251 million in sales taxes and $82 million in excise tax.
For more in-depth analysis of California gasoline consumption trends, see the BOE Economic Perspective.
For the most recent figures from BOE, visit Fuel Taxes Statistics and Reports: www.boe.ca.gov/sptaxprog/spftrpts.htm.
Editor’s Note: The charts below compare year-over-year quarterly gasoline and diesel consumption.
* * * * *
Elected in November 2010, George Runner represents the State Board of Equalization’s Second District. He is a leading advocate for California taxpayers. Runner has worked to improve California’s tax policies and practices and to create and retain more private sector jobs in our state. Prior to his election to the Board, Runner served twelve years in the State Legislature, authoring the well-known California Amber Alert and California’s Blue Alert. As a thoughtful conservative, his legislative priorities included improving the economy, business growth, education excellence, and public safety for all Californians. As a member of the Senate Revenue and Taxation Committee, Runner consistently led the fight against tax increases and supported tax relief for families and businesses.
The five-member California State Board of Equalization (BOE) is a publicly elected tax board. The BOE collects $56 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.