
California’s gasoline consumption rose 0.9 percent during fiscal year 2013-14, the first increase in eight fiscal years, since 2005-06 -- offering another sign of an improving economy -- according to data released by the California State Board of Equalization (BOE). During fiscal year 2013-14, diesel consumption rose 3.7 percent, compared to 0.4 percent increase in 2012-13.
“Gasoline consumption increased for four consecutive quarters, even as prices were variable, reflecting California’s economic recovery,” said Ms. Yee.
In the fiscal year 2013-14, Californians consumed 14.574 billion gallons of gasoline, a 0.9 percent increase from 14.444 billion used in fiscal year 2012-13. California’s average price of gasoline was $3.92 per gallon in the fiscal year 2013-14, which is a decline of 2.5 percent from the average price of gasoline of $4.02 in fiscal year 2012-13. In fiscal year 2013-14, BOE gasoline revenue estimates for excise and sales and use taxes came in at $1.651 billion for sales tax and $5.759 billion for excise tax.
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Diesel consumption increased 3.7 percent in fiscal year 2013-14 when Californians consumed 2.752 billion gallons of diesel compared to 2.651 billion consumed in fiscal year 2012-13. California’s average price of diesel fuel in fiscal year 2013-14 was $4.12, which is a 1.4 percent decrease from the average price of $4.18 for diesel in fiscal year 2012-13. In fiscal year 2013-14, BOE’s estimated diesel fuel revenues for excise and sales and use taxes came in at $866 million for sales tax and $304 million for excise tax.
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Information submitted by Board of Equalization
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