Saturday, July 3, 2010

CA Gasoline tax hits 67cents/gallon

California has the highest gasoline (and diesel) tax in the nation.  Recently, the tax scheme was changed to include a flat 17 cents/gallon plus 2.25 percent excise tax to ensure revenue in an economic environment of sliding gas prices.  The gasoline sales tax had been 8.25 percent, but legislators fear the recession will continue to reduce the quantity and price of fuel consumption.

As of April, total gasoline taxes in CA averaged 67.0 cents/gallon, 3.5 cents above second place Hawaii. 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.


jossyrascon said...

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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best uk assignment writers said...

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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