According to data collected by the California State Board of Equalization (BOE), the state's gasoline consumption increased 0.9 percent year-over-year in October 2010. This rise is consistent with the nation's increased demand for gas. However, California's diesel fuel consumption, which declined by 3.8 percent, bucks the country's rising demand for diesel.
While we're not exactly sure what has led to California's decreased diesel demand, perhaps the fuel's price, which shot up from $2.86 per gallon in October 2009, to $3.21 per gallon a year later – an increase of 12.2 percent – explains the drop in consumption. Oddly, the price for a gallon of gas rose from $3.06 to $3.15 – an increase of a mere 2.9 percent.
[Source: California State Board of Equalization | FutureAtlas – C.C License 2.0]
Jerome E. Horton, Chairman of the California State Board of Equalization (BOE), today released California gasoline and diesel consumption figures for October 2010. California gasoline consumption increased 0.9 percent in October 2010, while diesel fuel consumption declined 3.8 percent, compared with October 2009.
"California gasoline consumption was moderately stable last year with an average increase for the first ten months of 2010 of about 0.3 percent"
"California gasoline consumption was moderately stable last year with an average increase for the first ten months of 2010 of about 0.3 percent," said Chairman Horton. "Prices were also fairly stable over the first ten months of 2010, averaging about $3.11 per gallon."
In October 2010, gasoline demand rose 0.9 percent when Californians used 1.257 billion gallons of gasoline compared to 1.246 billion gallons in October 2009. The average California gasoline price at the pump in October 2010 was $3.15 per gallon compared to $3.06 in October 2009, a 2.9 percent increase.
Diesel fuel sold in California during October 2010 totaled 216 million gallons compared to October 2009's total of 224 million gallons, which is a decrease of 3.8 percent. California diesel prices were $3.21 per gallon in October 2010 an increase of 12.2 percent compared to October 2009 when the average diesel price was $2.86 per gallon.
The BOE is able to monitor gallons through tax receipts paid by fuel distributors. The figures reported monthly are net consumption that includes BOE audit assessments, refunds, amended and late tax returns, and State Controller's Office refunds. Figures for November 2010 are scheduled to be available at the end of February 2011.
Elected in 2010, Chairman Jerome E. Horton is the Fourth District Member of the California State Board of Equalization (BOE), representing more than 8.5 million residents in Los Angeles County. He is also the BOE Legislative Committee chairperson. Horton is the first African American to serve on the BOE since its inception in 1879, and the third African American constitutional officer in California's history. Horton previously served as a member of the California State Assembly from 2000-2006.
The five-member California State Board of Equalization is a publicly elected tax board. The BOE collects more than $48 billion annually in taxes and fees supporting state and local government services. It hears business tax appeals, acts as the appellate body for franchise and personal income tax appeals, and serves a significant role in the assessment and administration of property taxes. For more information on other taxes and fees in California, visit www.taxes.ca.gov.