While a handful of California officials deliberate on how to best divvy up a historic $75 billion budget overflow, gas-powered vehicle owners will be paying more to fill up their tanks.
The state’s motor fuel excise tax is set to increase Thursday, up six-tenths of a cent to more than 51 cents a gallon of motor fuel. The state also adds more than 7 cents a gallon in fees.
With federal, state and local taxes, the average cost for a gallon of unleaded is approaching $5 in many metropolitan areas of California. more