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Posted by: John_Hamilton on 01/31/2012 09:57 AM
Updated by: John_Hamilton on 01/31/2012 09:57 AM
Expires: 01/01/2017 12:00 AM
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Gasoline Use Continued Downward Trend as High Gas Prices Rose 23%
Sacramento – Gasoline consumption in California declined 1.8 percent in October 2011 while diesel fuel consumption increased 4.8 percent according to a report released today by California State Board of Equalization (BOE) Second District Member Senator George Runner....
California used 1.23 billion gallons of gasoline in October 2011 which is a 1.8 percent decline from the previous year when 1.26 gallons were used. In California, the average price of gasoline rose 74 cents to $3.89 per gallon in October 2011, a 23 percent increase compared to $ 3.15 per gallon in October 2010. Nationally, the average price of fuel jumped 66 cents to $3.51 in October 2011, a 23 percent increase over the October 2010 price per gallon of $2.85.
Runner said, “I’m concerned high fuel prices are hurting consumer spending and dampening California’s economic recovery. Rather than fantasize about bullet trains, I wish our leaders would do more to bring about lower fuel prices for the benefit of all Californians.”
Diesel fuel consumption in California increased 10.3 million gallons in October to a total of 226 million gallons, which is a 4.8 percent increase compared to the previous year when 216 million gallons were consumed. The average price of diesel in California rose 85 cents to $4.06 per gallon in October 2011 compared to $3.21 per gallon in October 2010. Nationally, the average price of diesel rose 75 cents to $3.80 per gallon which is a 25 percent increase compared to $3.05 per gallon in October 2010.
California gasoline and diesel fuel figures are net consumption that includes audit assessments, refunds, amended and late tax returns and the State Controller’s Office refunds. BOE is able to monitor gallons through tax receipts paid by fuel distributors in California. BOE updates the reports at the end of each month.
Fuel Statistics and Reports 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
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Elected in November 2010, taxpayer advocate George Runner represents the Second District of the Board of Equalization. Runner was sworn in as Second District Board Member on January 3, 2011. Prior to his election to the Board, Runner served twelve years in the State Legislature. 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 more than $50 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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