The missing billions spent on gasoline in California each year

California drivers already pay more for gasoline than motorists in just about every other state.

But even after taking into account state gas taxes, blending requirements aimed at reducing air pollution and other environmental and climate fees attached to each gallon of fuel, it appears drivers in the Golden State pay a lot more than they should.

UC Berkeley professor Severin Borenstein calls the price differential “California’s mystery gasoline surcharge” that roughly translates into a premium of 20 to 30 cents on every gallon pumped in the state.

And that’s not chump change when one considers Californians consume 40 million gallons a day. Multiply that over an entire year and Borenstein says that comes to between $3 billion to $4 billion that is unaccounted. …

Click here to read the full article from the San Diego Union-Tribune