Trailer Life, May 23, 2006
|
In order to reduce the impact of high fuel prices, governors have discussed reducing or suspending state gasoline taxes in Connecticut, Maryland and South Carolina. New York lawmakers agreed to cap the sales tax at 8 cents per gallon. North Carolina's governor wants to cap the gas tax, and Connecticut's governor is open to a proposal to suspend the state's 25-cent-per-gallon tax for the summer. Georgia may suspend the gas tax, and other states where the idea is being considered include Texas, Minnesota, Delaware, Nevada and Idaho.
On average, states add 28.1 cents to each gallon of gas from a combination of excise taxes, business taxes, and state and local sales taxes. According to the American Petroleum Institute, it varies from a low of 8 cents in Alaska to a high of 49.5 cents in New York. The federal government adds 18.4 cents to each gallon.
Back to the top
Subscribe today to Trailer Life
|
|
|
