Fuel & Energy
The nation’s truckstops and travel plazas are among the largest distributors of diesel fuel and gasoline, and NATSO closely monitors regulatory action and industry trends that affect the supply and distribution of fuel. From biodiesel tax credits to underground storage tank requirements, NATSO is on the forefront of industry issues.
A number of Republican Senators from states that produce renewable fuels met on Jan. 5 with Oklahoma Attorney General Scott Pruitt, President-elect Donald Trump’s nominee for administrator of the Environmental Protection Agency (EPA).
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As states have looked to shore up fiscal budgets in recent years, many of them have turned to increases in the gasoline and diesel motor fuel excise taxes. 2017 is no different, with increases in eight states taking effect as of Jan. 1, 2017. Two states – New York and West Virginia – will see slight reductions based on automatic adjustments. A summary of the changes are below.
With Members of Congress back in their districts for the remainder of the year, it is clear that the biodiesel tax credit will not be extended before Jan. 1. Although on prior occasions after it has lapsed it has been extended retroactively the following year, it is not certain that this will occur next year. Given that many NATSO members have historically utilized the biodiesel tax credit to integrate the product into their diesel supply and offer competitive fuel prices, NATSO offers a few points to keep in mind as you plan for 2017.
President-Elect Donald Trump has picked Scott Pruitt, Attorney General of Oklahoma since 2011, to lead the Environmental Protection Agency (EPA).
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