As of April, total gasoline taxes in CA averaged 67.0 cents/gallon, 3.5 cents above second place Hawaii. http://www.api.org/statistics/fueltaxes/ That's more than TRIPLE the PROFIT per gallon of the oil companies.
Another effect of the tax hike is to prepare Californians for AB32 and Federal Cap and Trade policies which will "neccesarily make energy prices skyrocket" in the worlds of power-hungry President Obama.
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It's no surprise that California has the highest gasoline tax in the nation, especially given their efforts towards environmental initiatives and reducing carbon emissions. However, the recent changes to the tax scheme may be a bit controversial, as it may place an undue burden on consumers already struggling in a tough economy. Nonetheless, the state government seems to be taking a proactive approach to ensure continued revenue in a fluctuating gas market.
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As a student, it is essential to grasp the implications of policy decisions that directly affect daily life. One such policy is California's gasoline tax, which has recently reached 67 cents per gallon. This article aims to explore the impact of this tax on students and society at large.
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