The price of gasoline is up considerably in California in the past decade. The state and federal excise taxes have remained the same at 18¢ per gallon. The sales tax in California is higher on a percentage basis since sales taxes went up from about 8.5% in my county to 9.25%. Even if the rate stayed flat, the total collected per gallon is higher since the price taxed is higher.
The biggest change is the cost of crude oil went up 242% from $0.59 to $2.02 per gallon.
The biggest change is the cost of crude oil went up 242% from $0.59 to $2.02 per gallon.
January 2010 Gasoline Price Breakdown
| Branded | ||
| Jan 4, 2010 | ||
| Distribution Costs, Marketing Costs and Profits | $0.14 | |
| Crude Oil Cost | $2.02 | |
| Refinery Cost and Profits | $0.20 | |
| State Underground Storage Tank Fee | $0.01 | |
| State and Local Sales Tax | $0.25 | |
| State Excise Tax | $0.18 | |
| Federal Excise Tax | $0.18 | |
| Retail prices | $2.99 | |
| Unbranded | ||
| Jan 4, 2010 | ||
| Distribution Costs, Marketing Costs and Profits | $0.07 | |
| Crude Oil Cost | $2.02 | |
| Refinery Cost and Profits | $0.27 | |
| State Underground Storage Tank Fee | $0.01 | |
| State and Local Sales Tax | $0.25 | |
| State Excise Tax | $0.18 | |
| Federal Excise Tax | $0.18 | |
| Retail prices | $2.99 | |
BRANDED 12/27/99
- Dealers Cost and Profit Margin (1) $0.10
- Crude Oil Cost $0.59
- Refinery Cost and Profit Margin (2) $0.21
- State and Local Sales Tax $0.10
- State Excise Tax $0.18
- Federal Excise Tax $0.18
- Retail Price $1.36
- Dealers Cost and Profit Margin (1) $0.11
- Crude Oil Cost $0.59
- Refinery Cost and Profit Margin (2) $0.20
- State and Local Sales Tax $0.10
- State Excise Tax $0.18
- Federal Excise Tax $0.18
- Retail Price $1.36
Since 12/31/98 "Kirk's Newsletter Explore Portfolio" is UP 161% (a double plus another 61%!!) vs. the S&P500 UP at tiny 9.8% vs. NASDAQ UP at tiny 4.8% (All through
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