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April 29, 2014 > Gasoline consumption up in fourth quarter 2013

Gasoline consumption up in fourth quarter 2013

Submitted By Jaime GarzaÊ

CaliforniaÕs gasoline consumption rose 1.6% in the fourth quarter 2013, according to data released today by California State Board of Equalization (BOE) Member Betty T. Yee. ÒFourth quarter gasoline consumption in California is consistent with trends reflecting an improving economy and lower prices throughout most of last year,Ó said Ms. Yee.
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The BOEÕs state taxable gasoline gallons report reveals Californians consumed 3.631 billion gallons of gasoline in the fourth quarter, of 2013, a 1.6 percent increase from 3.575 billion gallons used in the fourth quarter of 2012. The average price of gasoline was $3.70 per gallon in California during the fourth quarter, which is 29 cents lower than the average price of gasoline of $3.99 per gallon in the fourth quarter of 2012, according to the Energy Information Administration. Nationally the average price of gasoline was $3.37 in the fourth quarter, which is 20 cents lower than the average national price per gallon of $3.57 in the fourth quarter 2012. The BOEÕs fuel revenues show quarterly estimates of excise taxes and sales and use taxes associated with gasoline for the fourth quarter are $381 million in sales taxes and $1.4 billion in excise taxes.
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Diesel consumption rose 6.8 percent in the fourth quarter, faster than any quarter since 2005. For calendar year 2013, diesel consumption increased 4.1 percent, reflecting increased movement of goods associated with an improving economy. The BOEÕs state taxable diesel gallons report shows CaliforniaÕs diesel fuel consumption was 698 million gallons, compared to 653 million gallons during the fourth quarter of last year. In California, the average price of diesel fuel in the fourth quarter was $4.09 per gallon, and the nationwide average price of diesel fuel was $3.87. The BOEÕs fuel revenues show quarterly estimates of excise taxes and sales and use taxes associated with diesel for the fourth quarter are $245 million in sales taxes and $81 million in excise taxes.

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