Business News
California’s gasoline consumption declined 1.1 percent while diesel consumption increased 3.7 percent in October 2012, according to fuel tax data released by Betty T. Yee, First District Member of the California State Board of Equalization (BOE).
“As an improving economy leads to increasing gas prices, Californians are taking the lead to reduce consumption and costs to working families with their commitment to fuel-saving technologies and changed driving habits,” said Yee.
BOE’s fuel tax report shows Californians consumed 1.22 billion gallons of gasoline in October 2012, a 1.1 percent decline from the 1.23 billion gallons consumed during October 2011.
In California, the average price of gasoline in October 2012 was $4.46 per gallon, a 14.6 percent increase.
Nationally, the average price of gasoline in October was $3.81, according to the Energy Information Administration (EIA), an 8.7 percent increase.
BOE estimates statewide gasoline tax-related revenues for October 2012 are about $165 million in sales taxes and about $440 million in excise taxes in California.
California’s diesel consumption increased 3.7 percent in October 2012 to 235 million gallons, compared to 226 million gallons in October 2011.
In California, the average price of diesel fuel in October 2012 was $4.38 per gallon, an increase of 7.8 percent.
Nationally, the average price of diesel fuel in October was $4.09, also an increase of 7.8 percent, according to the EIA.
BOE estimates statewide diesel fuel tax-related revenues for October 2012 are about $93 million in sales taxes and about $26 million in excise tax in California.
For more information on other taxes and fees in California, visit www.taxes.ca.gov .
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LAKE COUNTY, Calif. – Lake County Energy Watch is hosting Time Varying Pricing (TVP) presentations for businesses, farmers and ranchers that are Pacific Gas and Electric (PG&E) customers, whose electrical demand is 200 kW or less per month.
Under TVP, rates are higher when electric demand is higher, typically on weekday afternoons. At all other times, rates are lower.
All business and agriculture customers will transition to a time-of-use rate as part of a statewide plan to help protect California’s energy resources.
You will learn how TVP will affect you, how to conserve electricity during peak hours, and you may be eligible for an onsite rate analysis.
Join them on Thursday, Feb. 21, at 8 a.m. in the Lake County Courthouse, Board of Supervisors Chambers, 255 N. Forbes St., Lakeport.
Please call 707-263-2221 to register.
You may also join them on Tuesday, March 5, at 6 p.m. at Main Street Bar and Grill, 14084 Lakeshore Drive, Clearlake. Please RSVP with the Clearlake Chamber at 707-994-3600.
Dinner at 5:30 p.m. is optional and is available for an additional charge. Presentations are expected to last about 30 minutes.
For more information concerning TVP, business customers can call 1-800-987-4923, and agricultural customers can call 1-877-311 FARM (3276) or email
Lake County Energy Watch is administered by PG&E using funding from California utility ratepayers under the auspices of the California Public Utilities Commission. Energy Watch partnerships are designed to help local governments and their communities lower their energy bills and enjoy a cleaner environment.
For more information about the Lake County Energy Watch program, please call 707-263-2221 or visit www.energy.co.lake.ca.us .
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