Gas Price Shoots Up By 17 Cents After LA Gas Tax

By , in Economy Los Angeles on .

The implementation of the gas tax has increased the price by 17 cents when compared to the previous week. The 12 cent gas tax is expected to generate $52 billion in the next ten years and this can bring good revenues to the transportation projects.

Many drivers are of the opinion that this can improve the condition of roads in the future as the revenue generated will be used towards the repair of freeways and California roads.

Some consumers say that they are hoping for some reduction as it is very expensive when compared to other regions. They are not too happy with the price rise and feel that the expenses have gone up by a huge margin in recent years.

Even when you compare the weekly average price per gallon, the difference is as high as 18 cents in the Orange County and this is making a huge difference to the consumers. The brighter side of this tax is that the condition of roads may see significant improvement in the near future as it is expected to generate lots of revenue for the government. This will be utilized for the maintenance and repairs of different freeways in the region.

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Bob Allen

Bob Allen

Bob Allen is The Daily Telescope''s senior editor. He is also a nationally syndicated newspaper columnist and a bestselling author. He lives in Los Angeles and covers the intersection of money, politics and finance. He appears periodically on national television shows and has been published in (among others) The National Post, Politico, The Atlantic, Harper’s, Wired.com, Vice and Salon.com. He also has served as a journalist and consultant on documentaries for NPR and ShowTime. In 2014, he was the winner of the Society of American Business Editors and Writers' investigative journalism award, and the winner of the Izzy Award for Journalism from Ithaca College's Park Center for Independent Media. He was also a finalist for UCLA's Gerald R. Loeb Award and Syracuse University's Mirror Award. Before becoming a journalist in 2006, Sirota worked in Washington for, among others, U.S. Rep. Bernie Sanders, the U.S. House Appropriations Committee Minority Staff and the Center for American Progress.
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