NEWS: Gas taxes will drop soon: State board votes to lower excise fee by 6 cents starting July 1

The Board of Equalization (BOE) voted to reduce the gas tax by six cents beginning July 1st, reports the Orange County Register.  State law requires the BOE to adjust gas taxes on a yearly basis according to a pre-determined formula.  However, analysts say with rising fuel prices consumers should not expect the gas tax reduction to provide any major relief at the pump.

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