What is the cal excise tax on gasoline....I believe it is quite high??
Gee, 6% guaranteed wage hike per years....seems fair to me as I note my wife’s and I combined income last year went up .5% including her promotion.
California Gasoline
36.00 State Excise Tax
9.39 Other State Taxes/Fees
45.39 Total State Taxes/Fees
63.79 Total State plus Federal Excise Taxes (@ 18.4 cpg)
“Other Taxes” decreased from 12.47 to 9.39 cpg for gasoline and from 38.8 to 29.6 cpg in Q12015. Calculation does not include taxes or fees associated with California AB 32. The applicable sales and use tax declined from 9.44% to 9.25% in addition to certain district taxes. The sales tax on gasoline is 2.25% plus applicable district taxes. Sales tax rates applied are a weighted average based on county population. Other fees include the Underground Storage Tank (UST) fee which decreased from 2.0 cpg to 1.4 cpg on 1/1/14.
http://www.api.org/~/media/files/statistics/statemotorfuel-onepagers-jan-2015.pdf
Revised 1/16/2015
I agree, a 6% permanent raise in a market slammed by volatility and uncertainty makes perfect sense to me. No wonder the union guys were shocked.
After all, I just can't remember a more stable, self perpetuating industry like oil and gas, where demand always goes up and never has sudden crises.
Well, maybe the federal government ...