December 3, 2010 > August gasoline consumption increases 1.8 percent
August gasoline consumption increases 1.8 percent
Submitted By Anita Gore
Board of Equalization (BOE) Chair Betty T. Yee announced California's gasoline and diesel consumption figures for August 2010, at the end of November. Demand for gasoline increased 1.8 percent compared to last year.
"California gasoline consumption and prices have been unusually stable for most of 2010," said Yee, "with very little fluctuation between the first eight months of this year and the same period last year."
In August 2010, Californians used 1.29 billion gallons of gasoline (average pump price $3.19 per gallon) compared to 1.27 billion gallons (average pump price $3.06 per gallon) in the same month last year. The change in price equates to a 4.2 percent increase.
Californians purchased 205 million gallons of diesel fuel in August 2010 compared to 194 million gallons in August 2009, an increase of 5.8 percent. Per gallon diesel prices saw a year-on-year increase of 10.9 percent to $3.16 in August 2010 from $2.85 in August 2009.
Although diesel consumption increased by 11.2 million gallons, the 12-month change is likely to be less because the August 2009 figures include a 19.3 million gallon non-recurring credit. Monthly consumption figures are always net of audit assessments and refunds. Given that the August 2009 credits were larger than most, they may have skewed the August 2010 percentage change to a 5.8 percent increase from an actual decline of 3.8 percent.
The BOE monitors 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. September 2010 figures are scheduled for release the end of December 2010.
Fore more information, visit www.boe.ca.gov and www.taxes.ca.gov