Updated
Updated · Fox News · Jun 29
California Raises Gas Tax 2.2 Cents to 63.4 Cents a Gallon as Pump Prices Hit $5.58
Updated
Updated · Fox News · Jun 29

California Raises Gas Tax 2.2 Cents to 63.4 Cents a Gallon as Pump Prices Hit $5.58

3 articles · Updated · Fox News · Jun 29

Summary

  • Wednesday’s increase lifts California’s excise gas tax to 63.4 cents a gallon, adding 2.2 cents under the state’s annual inflation-linked adjustment.
  • Republican lawmakers led by Rep. David Valadao urged Gov. Gavin Newsom to suspend the hike, saying Californians already pay about $1.15 a gallon in combined taxes and fees and face the nation’s highest average pump price at $5.58.
  • Newsom has resisted a gas-tax holiday, arguing repeal would threaten road and transit funding created under a 2017 transportation law and might not lower pump prices if oil companies keep the savings.
  • California’s fuel costs have also been pressured by refinery closures, limited pipeline links and heavy import dependence—roughly three-fourths of crude comes from outside the state, with about one-third of imports from the Middle East.

Insights

California funds roads with a gas tax, but what is the plan as drivers switch to electric vehicles?
With local oil refineries closing, how secure is California's fuel supply from global conflicts?