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Tax is closer to $1 [0]. Gas stations are supply restricted in the sense that their storage tanks are finite in size although it seems to me most of the price i
by Domenic_S 7y ago
Tax is closer to $1 [0]. Gas stations are supply restricted in the sense that their storage tanks are finite in size although it seems to me most of the price is because they can.
[0] https://www.ocregister.com/2019/04/16/californias-gas-taxes-total-nearly-1-per-gallon-and-include-a-28-cent-mystery-surcharge/ https://www.ocregister.com/2019/04/16/californias-gas-taxes-...
- azinman2 7y agoThe federal taxes are true for everyone. So you can subtract that from your difference across the US. But there’s no lack of competition, and plenty of apps like gas buddy that aid in that. That should put pressure to reduce prices, yet neighboring states can be so much lower. Something else is going on.