On Saturday, California’s gas taxes will increase once more.
This suggests that there is less chance of a decrease in the price of gasoline anytime soon, which is currently over $1.25 throughout the average across the country.
As resources rise, there is a chance that the per-gallon cost would fall by 10 to 25 cents by Labor Day, according to Patrick De Haan, head of petroleum research at GasBuddy.
However, costs only fall “if nothing occurs” to tighten the supply. And things happen frequently. Refineries might close for several reasons. Demand increases. Infrastructure is affected by bad weather.
De Haan expressed less anxiety about how the state’s gasoline tax, which will rise on Saturday by 4 cents per gallon to 57.9 cents, will affect costs overall. According to the nonpartisan Tax Policy Center, that is almost twice as much as the national average state gasoline taxation rate, which is around 30 cents.