Gasoline Consumption in California Rises Nearly 1% as Economy Picks Up

unnamed-30By Staff Reports

(Victor Valley) – California’s gasoline consumption rose 0.9 percent during fiscal year 2013-14, the first increase in eight fiscal years, since 2005-06 — offering another sign of an improving economy — according to data released by the California State Board of Equalization (BOE). During fiscal year 2013-14, diesel consumption rose 3.7 percent, up sharply from a 0.4% increase in 2012-13.

“Lower gas prices are an opportunity for Californians to do more with less,” said Board of Equalization Member George Runner. “That’s good news for everyone, especially as the holidays approach.”

In the fiscal year 2013-14, Californians consumed 14.574 billion gallons of gasoline, a 0.9 percent increase from 14.444 billion used in fiscal year 2012-13. California’s average price of gasoline was $3.92 per gallon in the fiscal year 2013-14, which is a decline of 2.5 percent from the average price of gasoline of $4.02 in fiscal year 2012-13. In fiscal year 2013-14, BOE gasoline revenue estimates for excise and sales and use taxes came in at $1.651 billion for sales tax and $5.759 billion for excise tax.

Diesel consumption increased 3.7 percent in fiscal year 2013-14 when Californians consumed 2.752 billion gallons of diesel compared to 2.651 billion consumed in fiscal year 2012-13. California’s average price of diesel fuel in fiscal year 2013-14 was $4.12, which is a 1.4 percent decrease from the average price of $4.18 for diesel in fiscal year 2012-13. In fiscal year 2013-14, BOE’s estimated diesel fuel revenues for excise and sales and use taxes came in at $866 million for sales tax and $304 million for excise tax.

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

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

Estimated Fuel Excise Tax and Sales Tax Revenues: www.boe.ca.gov/legdiv/pdf/FuelRevenues.pdf

To receive the latest data when it is published, subscribe to BOE’s RSS feed: www.boe.ca.gov/legdiv/ResearchStatsRSS.xml or visit BOE’s Research and Statistics web page: www.boe.ca.gov/legdiv/legresearch.htm

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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.

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