California gasoline consumption down 2.2% in July, diesel fuel consumption increased 1.9%
31 October 2011
In California, gasoline consumption declined 2.2% in July 2011, while diesel fuel consumption increased 1.9%, according to figures from the State Board of Equalization.
California’s gasoline consumption decreased 2.2% to 1.25 billion gallons in July 2011 compared to 1.27 billion gallons used in July 2010. In California, average gas prices in July 2011 for a gallon of gasoline rose 67 cents to $3.84, a 21.1% increase compared to July 2010 when the average price was $3.17 per gallon of gasoline. Nationally, average gas prices for a gallon of gasoline in July 2011 were up 93 cents to $3.71 per gallon, a 33.5% increase over the national average price of a gallon of gasoline of $2.78 in July 2010.
California’s diesel consumption increased 1.9% for a total 223 million gallons in July 2011 compared to the total of 219 million gallons of diesel consumed in July 2010. The average price of a gallon of diesel fuel in California was up 99 cents to $4.11 per gallon in July 2011, a 31.7% increase over the average price of a gallon of diesel of $3.12 in July 2010. Nationally, the average price of a gallon of diesel was up $1.00 to $3.91 in July 2011, a 34.4% increase over the average US price of a gallon of diesel of $2.91 in July 2010.
Figures for August 2011 are scheduled to be available at the end of November 2011. Figures for third quarter 2011 are scheduled to be available at the end of December 2011.
How does it correlate with economic activities?
Posted by: HarveyD | 31 October 2011 at 12:24 PM
There will continue to be a "glut" of gasoline here. Consequently there will be price-pressure on the corn-ethanol "industry".
Posted by: fred | 31 October 2011 at 06:49 PM