Motorists are reminded to fill their tanks today across California to avoid a pending tax increase that will hit both gasoline and diesel pumps at midnight Wednesday. State politicians previously voted to raising gasoline and diesel taxes by 12 cents per gallon and 20 cents per gallon, respectively, effective Wednesday, November 1.

Due to the tax increase, stations selling such fuels will likely raise their prices to the same degree beginning late tonight, continuing into tomorrow to reflect the higher fuel taxes. Stations may vary in how quickly they pass the increased tax amount on to motorists.

California's average gasoline price, which has fallen 2 cents to $3.04 per gallon in the last week, will begin to rise soon once the increased tax takes begins. While Southern California also transitions to cheaper winter fuel starting November 1, the slightly lower cost will not absorb much of the rise in gasoline taxes. The rest of California has already transitioned to cheaper winter gasoline.

California's hike in fuel taxes are among the largest of any state in 2017, and is only bested by New Jersey's massive 23-cent hike exactly a year ago, which resulted in New Jersey's average gas price rising from $2.04 per gallon on October 31 to $2.27 per gallon on November 3.

(1) comment

MelBrandle

Gas prices are constantly fluctuating and this situation is often caused by the supply and demand chain. When there is sufficient supply to meet demand, prices will remain as they presently are. However, if demand exceeds supply, then that is when consumers need to be mentally and financially prepared for price hike. However, for the self storage industry per se, storage prices do not fluctuate. The higher the demand is for self storage, the lower the prices get so as to ensure everyone gets the additional storage space they truly need and deserve.

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