Florida: 8th Highest Combined Gas Tax in Nation
Posted April 17, 2018 12:45 pm
COLUMBIA
COUNTY, FL – GasBuddy, the leading source of
real time gas prices in America, reported
earlier today that with a backdrop of gas
prices that have risen sharply in the last
two weeks, "motorists are sure to be upset:
they’ll be paying $4 billion more in
gasoline taxes in 2018 than they did in
2017. That’s $76 billion or $208 million
every day, up from the $72 billion total in
2017."
The rise comes out to an average increase of about 2.6 cents per gallon, but all states are not equal: California gas taxes climbed 15.3 cents to 73 cents per gallon, a rise of over 25% versus 2017. While Pennsylvania still leads the nation with the highest combined gas taxes, over 77 cents per gallon, it saw its gas taxes fall 0.6 cents per gallon.
Spreadsheet:
Click to enlarge
Patrick DeHaan, head of petroleum analysis at GasBuddy said, “While motorists fill up and see the final price on their receipt, it’s not always clear just how much of that goes to gas taxes. What’s clear is that most states have recently raised gas taxes using the current environment of lower prices as cover.'
Mr. DeHaan continued, “An additional concern is that the federal gas tax has not been touched in decades and may be an attractive revenue option for the federal government if it moves forward on improving infrastructure. No matter the outcome, motorists can lower their fuel bill with common sense: shop around for lower prices and check out various payment options or loyalty programs for easy savings.”
Links:
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Lake City gas prices
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Florida gas prices
Motorists and truckers should be aware of the possibility of a rise in the federal gas tax rate, which has remained unchanged at 18.4 cents per gallon since 1993. Every penny rise in the federal gas tax would lead America’s annual spending on fuel to rise by $1.46 billion.
In February, President Trump endorsed a 25-cent hike to the federal gas tax levy.
