Last post on May 19, 2013 at 4:39 AM
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#10080 of 10143 Re: CA raised taxes and prices went up further [gagrice]
Mar 01, 2013 (2:15 pm)
My mistake it goes up July 1st.
It's official: Gas tax going up
The tax you pay on a gallon of gas will rise by 3.5 cents in California come July 1.
The state Board of Equalization voted 3-2 on Thursday to increase the excise tax about 10 percent, from 36 cents per gallon to 39.5 cents per gallon.
The increase is partly due to a $157 million shortfall in gas-tax revenue in fiscal 2012, and also a projection of less consumption by California drivers.
The state legislature switched its gas taxation system in 2010 so it could re-appropriate some of the gas tax money from road maintenance to other areas. It reduced the sales tax from 8.25 percent to 2.25 percent, but roughly doubled the excise tax to 35.3 cents. The excise tax has increased multiple times since, but previous hikes were by fractions of cents.
#10081 of 10143 Down a few ticks...
Mar 05, 2013 (5:52 am)
Fill-up yesterday was for $3.83 for 87 octane.
Bummer about the gas tax increase gagrice.
#10082 of 10143 Down a tick too
by pf_flyer HOST
Mar 05, 2013 (3:20 pm)
$3.79 in Happy Valley
#10083 of 10143 Re: Down a tick too [pf_flyer]
by pf_flyer HOST
Mar 06, 2013 (5:15 am)
More ticks... in both directions
We now have a range of $3.73 up to $3.89 for no apparent rhyme or reason
#10084 of 10143 Lucky Fill-Up
Mar 13, 2013 (4:52 am)
Despite the HUGE price jump was able to fill up for $3.80; other stations jumped from $3.72 on average to $3.96 over a 12-hour period on Monday .
This despite numerous reports:
Prices were to decline over the next few weeks
China slowing down again
Refineries are not as off-line as they were
#10085 of 10143 Re: Lucky Fill-Up [jae5]
by steve_ HOST
Mar 13, 2013 (5:39 am)
My local station is holding at $3.88, diesel is $4.23.
Up the road regular can be found for $3.68.
#10086 of 10143 Re: Lucky Fill-Up [jae5]
Mar 13, 2013 (5:54 am)
>Despite numerous reports:...
Now the excuse is that DINs or NINs which are financials traded, something related to use of alcohol from food crops in our fuel, have spiked 1400% due to lower supplies of ethanol, the cost of fuels which are mandated to have a certain percentage of alcohol over a year's time _must_ increase.
...And, because not enough ethyl alcohol is availabe, gasoline WITHOUT ethanol is being exported because it doesn't need to be included in the alcohol use requirements from our beloved EPA.
#10087 of 10143 Re: Lucky Fill-Up [steve_]
Mar 13, 2013 (11:04 am)
Looking over my records from last year we experienced the same 20 ~ 30 cent jump in February, leveled off near $4 by mid-March then jumped another 60 cents over a 2 week period to end March at ~4.30.
So I guess we're right on schedule...
#10088 of 10143 Re: Lucky Fill-Up [imidazol97]
Mar 13, 2013 (11:10 am)
Thanks for the update Imi...
Maybe those that be read about Maker's Mark thinking of lowering the alcohol content in it's drink and Bud being watered down (which if you EVER went to a Cubs game you'd know that) decided to "react" with an"Oh no, lower alcohol content in booze due to low supply, must be low supply for petrol too".
Far-fetched but then again...
#10089 of 10143 Re: Lucky Fill-Up [jae5]
Mar 13, 2013 (12:23 pm)
>Maker's Mark thinking of lowering the alcohol content in it's drink
I think that alcohol is fermented right in place in the Makers Mark. The alcohol for gasoline is fermented from various grain stations here in the midwest. I occasionally see a gasoline tanker full of alcohol leaving an area production plant about 20 miles from here. The mash is sold as farm feed and the CO2 off gas is sold to the dry ice producer next door.
The NIM units I mentioned are like the carbon tax credits that can be sold/traded among companies. I haven't looked up the right name; maybe someone knows.