NEWS: The missing billions spent on gasoline in California each year
Californians get hit hard at the gas pump. In addition to the 18.4 cents per gallon they pay in federal taxes, drivers also pay more than most when it comes to state gas taxes. Besides excise taxes, drivers pay for cleaner-burning gasoline that costs about 10 cents a gallon to make. Find out why and learn how UC Berkeley professor Severin Borenstein wants to do about it.
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