BOE
Betty Yee of California's State Board of Equalization.
Californians have been using more gasoline even as prices have gone up.
According to the State Board of Equalization, demand in the Golden State went up 3.3 percent in May, even as the average price of a gallon of gas rose to $4.35, 12 cents higher than a year ago. Consumption of diesel fuel rose 7.1 percent, but its price fell 5 cents to $4.32 a gallon.
Betty Yee, a member of the BOE, said despite the jump in May, she thinks "the overall trend is toward reduced consumption as high gasoline costs cause economic stress."
Californians used 1.28 billion gallons of gasoline in May. A year ago in the same month they used 1.24 billion gallons.
This week California Senator Dianne Feinstein complained of high gasoline prices in the state and asked the Federal Trade Commission to investigate possible gouging and price fixing.
Feinstein pointed to falling demand for gasoline in the state, which should, she said, push prices down.
Steven E.F. Brown is web editor at the San Francisco Business Times.
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Source: http://feedproxy.google.com/~r/vertical_16/~3/CsCjLkGLwS8/demand-for-gasoline-in-california-has.html
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