California Gasoline Consumption Declining
30 April 2008
California consumed 4.5% less gasoline, including aviation gas, in January 2008 than in January 2007, according to figures released by the State Board of Equalization (BOE). The BOE is able to monitor gallons through tax receipts paid by fuel distributors.
|California gasoline consumption. Click to enlarge.|
Total gallons of gasoline used in January 2008 were 1.234 billion—58.2 million less than in January 2007. For all of 2007, Californians used 0.97% less gasoline compared to the previous year. Californians used a total of 15.672 billion gallons of gasoline for the twelve months of 2007—a decline of 153 million gallons from the total of 15.825 billion gallons for the calendar year 2006. Gasoline consumption in the state has now fallen for two years in a row.
The January 2008 pump price averaged $3.30 per gallon, 68 cents above those seen in January 2007 of $2.62.
Despite the drop in gallons consumed, the BOE estimates that sales tax revenue has increased due to higher gasoline prices. Higher prices generated approximately $299 million in sales tax during January 2008. In contrast, January 2007’s gasoline sales generated $249 million.
Figures for February 2008 are scheduled to be available near the end of May.
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