June 14, 2011 > Gasoline demand flat, diesel declines
Gasoline demand flat, diesel declines
Submitted By Anita Gore
California gasoline and diesel consumption figures released by the State Board of Equalization (BOE) for February 2011 show gasoline consumption remained flat though prices rose by more than 59 cents per gallon, while diesel fuel consumption in California declined.
There was no year-on-year change in gasoline consumption of 1.131 billion gallons compared to February 2010. In February 2011, the average pump price in California was up 59 cents, or 20 percent, to $3.58 a gallon compared to California's average price of $2.99 per gallon in February 2010. The U.S. average price of gasoline in February 2011 was up 56 cents, or 21 percent, to $3.26 per gallon from $2.70 per gallon in February 2010.
In February 2011, California's diesel consumption totaled 176.5 million gallons, a year-on-year decrease of 9.8 percent. However, the February 2010 figures include an additional 11.3 million gallons of diesel fuel due to an audit assessment of prior monthly reporting periods. If the February 2010 audit assessment is excluded from the calculations, diesel consumption still decreased by 4.2 percent in February 2011. California's diesel fuel figures are net consumption that includes the State Board of Equalization's audit assessments, refunds, amended and late tax returns and the California State Controller's Office refunds.
The average price of diesel in California rose 86 cents, or 29 percent, to $3.80 per gallon in February 2011 compared to February 2010's average price of $2.94 per gallon. The U.S. average price for diesel rose 28 percent in February 2011 to $3.58 per gallon, up 79 cents compared to February 2010 when the U.S. average price for diesel was $2.79.
The State Board of Equalization monitors gallons through tax receipts paid by fuel distributors in California. Consumption figures for March 2011 are scheduled to be available at the end of June 2011. All monthly, quarterly, and annual figures can be viewed at www.boe.ca.gov/sptaxprog/spftrpts.htm.