Fuel Tax Changes Take Effect in Several States July 1

Beginning July 1, a number of states will see changes to the price of fuel at the pump as new taxes take effect.

In Nebraska, where the Department of Roads director sets the percentage at whatever is needed to ensure funding for highway projects, the motor fuels tax will increase 1.7 cents per gallon to 26.3 cents per gallon.

In North Carolina, the motor fuels tax is going up from 37.5 cents per gallon to 37.6 cents per gallon starting July 1. In N.C. the fuel tax is based on two factors: a flat rate of 17.5 cents per gallon and a variable rate based on the average price of fuel during the previous six months.

Kentucky’s fuel tax will go up 2.4 cents per gallon, raising the state tax to 32.3 cents per gallon. In Kentucky, the increase is automatic, the result of a state law that partly ties the fuel tax rate to the average wholesale price of gas.

The first increase in Wyoming's fuel tax in 15 years also will take effect July 1. The 10-cents-per-gallon increase is expected to raise an additional $47.5 million a year.

In Maryland, the first of three increases will take effect, pushing the state's fuel tax to 27.5 cents-per-gallon.

Virginia marks the one state where gas prices could fall, when the state's 17.5 cents-per-gallon fuel tax will be replaced with a smaller tax on the wholesale price of gasoline, causing a drop of about six cents in the pump price.  The state also increased the sales tax from 5 percent to 5.3 percent to bring in additional revenues for transportation.

 

 

Digital-Tablet-With-Clipping-P-28426844.png

This article originally ran in NATSO News Weekly (NNW), NATSO's member only weekly electronic newsletter. NNW is packed with the latest updates on government and business issues affecting the truckstop and travel plaza industry.

If you aren't reading NNW, you are missing out. Not a memberJoin today or submit a request to receive additional information. If you are a member and not receiving NNW, submit a request to be added to the email list.

NATSO

NATSO and the NATSO Foundation provide the most relevant, trusted and up-to-date news and trends affecting the truckstop and travel plaza industry.More
Source:
NATSO News Weekly (NNW)

Tell Us What You Think

Back to Fuel & Energy