May 14, 2013
Thanks for raising the point in your post about California gasoline taxes going up on July 1. I would bet most Californians are not aware of that. The actual increase in state excise tax will be 3.5 cents per gallon giving us a state excise tax of 39.5 cents per gallon on July 1. The other state gasoline taxes/fees are not entirely clear to me. I know there is a 2 cent per gallon State Underground Storage Tank Fee and a 2.25 percent sales tax which could be anywhere from 7.9 cents of $3.60 gasoline to 9.9 cents of $4.50 gasoline. So for $4 gasoline, we will be paying about 50.3 cents to the state and 18.4 cents to the feds for a total of 68.7 cents in taxes/fees. There are likely other taxes/fees which are part of that, but I haven't tracked those down yet.