Tuesday, July 2, 2024

California Gas Tax Increases Again On Monday

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California Gas Tax Set to Increase July 1

On July 1, the California Gas Tax is set to increase to 60 cents per gallon, which has more than doubled since 2017 when it was just 27.8 cents per gallon.

The announcement of a gas tax increase from 58 cents to 60 cents was made in May 2024 ⁘ see notice here . For a breakdown on taxes, click here . If you have a 12-gallon tank, you will pay an extra quarter. However, in total taxes, you are paying $1.28 per gallon. On a 12-gallon tank, you are paying $15.36 in taxes/fees.

According to AAA, with oil costs accounting for about 54% of what you pay at the pump, more expensive oil usually leads to more expensive gas.

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SAN DIEGO (KGTV) — Gas prices in San Diego County have dropped about 25 cents over the past month, but starting Monday, a higher tax will slightly increase costs.

As of this weekend, the average price for a gallon of gas in San Diego is $4.82. Currently, each gallon includes an additional 58 cents from the state excise tax. However, beginning July 1, this tax will rise to 60 cents per gallon. So, filling up a 12-gallon tank will cost customers about an extra quarter.

According to data from the California Energy Commission, starting Monday, drivers will be paying 90 cents in taxes per gallon of gas, broken down as follows:

Desmond said the state is already too expensive. However, Governor Gavin Newsom blamed high prices on oil companies.

Silverman questions this narrative. He wonders if the state's push for zero-emission vehicles by 2035 could be influencing prices.

"If you're the CEO of an oil company, you have to be charging more in order to make up for the possibility that you may not be in business anymore in California," he said. "If this mandate for no more gasoline-powered cars goes into effect in 2035 or sometime thereafter, there won't be a need for any gasoline because people will be transitioning."

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