Tag

Gas Tax

All articles tagged with #gas tax

economy13 days ago•5 min saved

Inflation-Driven Gas-Tax Hikes Spread Across California and Neighboring States

California hikes its gas tax by 2.2 cents per gallon as part of an inflation adjustment, lifting the state tax to 63 cents per gallon and, with federal levies, nearly 75 cents per gallon; Washington, Maryland and New Jersey also enacted inflation-linked increases effective July 1, 2026 (New Jersey had already raised rates earlier in 2026), while Oregon’s proposed hike failed and New Mexico’s bill was killed, all aimed at funding transportation infrastructure like roads, bridges and ferries.

via New York Post|

#california #economy #gas-tax

local13 days ago•26 min saved

Washington hikes gas tax to 56.5 cents per gallon with July 1 bump

Starting July 1, Washington state’s gas tax increases 2% to 56.5 cents per gallon to fund road work through the motor vehicle fund.

via KOMO|

#gas-tax #inflation-adjustment #local

business14 days ago•4 min saved

July 1 brings another California gas tax bump, lifting pump prices

California drivers will face another gas price uptick on July 1 as the state’s gasoline excise tax rises 2.2 cents to 63.4 cents per gallon; the change, required by a 2017 inflation‑adjustment law, applies to the excise tax and not federal or sales taxes, and comes even as statewide prices hover above the national average (about $5.45/gal). Revenue funds road and transportation projects, while residents express frustration and some weigh switching to electric vehicles amid rising living costs.

via New York Post|

#business #california #excise-tax

local14 days ago•6 min saved

California gas tax climbs again on July 1

California’s gasoline excise tax will rise 2.2 cents on July 1 to 63.4 cents per gallon, adding to drivers’ costs with San Diego’s average pump price around $5.52 per gallon; the 2017 inflation-linked adjustment funds highway maintenance and projects, but revenue may shrink as electric-vehicle adoption grows. California aims to end sales of new gasoline cars by 2035 and to phase out oil extraction by 2045, while federal action on a possible temporary suspension of the 18.4-cent federal gas tax remains unresolved.

via NBC 7 San Diego|

#california #gas-tax #inflation

politics23 days ago•12 min saved

Washington’s gas tax hike kicks in July 1 to fund transportation plan

Washington state will raise its gas tax by six cents per gallon starting July 1 as part of a $3.2 billion, six-year transportation package to cover a projected $1 billion shortfall; the diesel tax also increases by three cents to 58.4 cents. The new rate brings the state tax to 55.4 cents per gallon, ranking third-highest in the nation behind California and Pennsylvania. Public discussion around the measure included commentary from a KIRO host joking about buying an electric car to cope with higher fuel costs.

via MyNorthwest.com|

#diesel-tax #electric-car #gas-tax

business1 month ago•2 min saved

Georgia gas tax break ends Tuesday—fill up before prices rise

Georgia’s temporary suspension of the state motor fuel tax will expire at 11:59 p.m. June 2 unless Gov. Kemp extends it again, meaning drivers could see higher prices soon. The tax break saves about 33 cents per gallon (roughly $14 a month) but costs roughly $200 million a month in transportation funding. As of Monday, Georgia averaged $3.79 per gallon (metro Atlanta $3.85); the national average was about $4.32, aided by the suspension. Kemp hasn’t announced an extension, and AAA warns rising prices can delay refueling, while experts suggest refilling before tanks are a quarter full.

via FOX 5 Atlanta|

#business #extension #fuel-prices

politics1 month ago•28 min saved

Illinois budget leans on gas-tax windfall, boosts lawmakers’ pay

Illinois lawmakers are finalizing a nearly $56 billion budget backed by a windfall from higher gas prices, diverting about $150 million of gas-tax revenue from mass transit to operating expenses while approving a 3.2% cost-of-living increase for lawmakers to $101,450 and similar raises for the governor and agency heads; the plan also relies on new revenue ideas (digital advertising tax, fantasy-sports tax) and includes a one-time $400 SNAP payment for residents who lose benefits under federal rules, with education funding maintained and no layoffs.

via Chicago Tribune|

#gas-tax #illinois-budget #lawmakers-pay

politics1 month ago•22 min saved

Illinois moves toward $55B budget as Bears stadium talks stall and tax tweaks loom

Illinois lawmakers unveiled a $55 billion budget funded by tax increases and revenue diversions as the session nears its year-end deadline, while Bears stadium talks stall amid Chicago opposition to Arlington Heights tax breaks and a push to keep the team in the city; negotiators are considering diverting higher-than-expected gas-tax revenue to transit and operating costs, pausing the July gas-tax increase, and pursuing additional revenue ideas (digital advertising tax, per-user tax, corporate-loss deduction cap) along with housing and data-center measures, with a 3.2% pay raise for lawmakers included in the draft budget.

via Chicago Tribune|

#bears-stadium #gas-tax #illinois-budget

politics1 month ago•43 min saved

Oregon eyes a new path for roads after Measure 120 defeat

Oregon voters rejected Measure 120, leaving lawmakers with the task of crafting a long-term funding plan for roads, bridges and transit by 2027. With the gas-tax hike off the table, the Legislature faces pressure to identify new revenue options to maintain and improve the state’s transportation network and fund future projects.

via KATU|

#gas-tax #measure-120 #odot

politics1 month ago•3 min saved

Oregon voters nix proposed transportation funding package

Oregon voters rejected Measure 120, a transportation funding package that would have raised the gas tax, elevated vehicle fees and temporarily increased payroll taxes to boost funding for roads, bridges, and transit. With about 83% voting against and 17% in support, the defeat means no immediate changes to current taxes, but officials warn a long-term funding gap remains, likely keeping transportation funding on the agenda for the 2027 session.

via KATU|

#ballot-measure #gas-tax #measure-120

politics1 month ago•3 min saved

Oregon voters reject sweeping gas tax and vehicle-fee increases

Oregonians voted to block a measure that would have doubled many vehicle-registration and title fees, raised the gas tax from 40 to 46 cents, and doubled the payroll tax for public transit, a proposal that failed by about four-to-one and would have funded road and bridge maintenance across the state, with rural areas and counties losing potential funding; the outcome leaves lawmakers pursuing a sustainable transportation plan via a governor-led workgroup that will issue recommendations by year’s end ahead of the 2027 session.

via Oregon Capital Chronicle|

#gas-tax #oregon #politics

business2 months ago•5 min saved

Industry Groups Push Back on Short-Term Federal Gas Tax Holiday

Trucking and construction trade groups oppose a proposed temporary pause on the 18.4-cent federal gas tax (and the 24.4-cent diesel tax), arguing it would drain the Highway Trust Fund and undermine highway and transit funding even as gas prices rise amid the Iran conflict; the idea has mixed support in Congress, with a three-month pause potentially adding billions to the deficit if no offset revenue is found.

via CNBC|

#business #gas-prices #gas-tax

politics2 months ago•7 min saved

Trump floats a temporary federal gas tax pause to curb rising pump prices

Trump proposes a temporary suspension of the federal gas tax to ease higher pump prices driven by the Iran war; it would require Congressional approval and could reduce Highway Trust Fund revenue by about $17 billion over five months, with uncertain relief for consumers and mixed bipartisan reactions as lawmakers weigh feasibility and budget impacts.

via The Washington Post|

#congress #energy-prices #gas-tax

politics2 months ago•2 min saved

Gas tax holiday stalls in Congress amid highway funding fears

Trump floated a temporary suspension of the federal gas tax to ease prices, but Congress and the White House remain split. Senate leaders signaled hesitation due to revenue loss that could hit the Highway Trust Fund, and critics argue any relief would be modest relative to price shocks from global events. A hypothetical waiver could cost about $14 billion for a May–November window, and while several 2028 contenders have endorsed similar ideas, it remains unclear whether the plan will gain political traction or fade as campaigning continues.

via Axios|

#congress #energy-policy #gas-tax

business2 months ago•4 min saved

Trump's Federal Gas Tax Pause Could Bring Modest Pump Relief

A proposed temporary suspension of the federal gasoline tax (18.4 cents per gallon) would likely trim pump prices only modestly, with regular gas dipping to about $4.34/gal and diesel to $5.39/gal, since recent price hikes have outpaced the levy. It would require congressional action and would reduce Highway Trust Fund revenue (roughly $2.1 billion per month), while state tax waivers may offer more meaningful relief; experts warn the policy could have unintended market effects and limited impact on overall prices.

via CBS News|

#business #federal-tax #gas-prices