Increases in gas taxes are driving up the cost of travel in some states
If you’re planning a trip this holiday week, don’t forget to figure in the cost of gasoline. Drivers in some states will feel a pinch in their wallets as gas taxes increase beginning today.where the state gas tax will double to 38 cents per gallon . A couple of states over, drivers inLess dramatic increases will be felt inSouth CarolinaStates often change their rates to meet budget gaps and to pay for infrastructure projects.
State gas taxes may be volatile, but the current federal gas tax rate is 18.4 cents per gallon , a rate that hasn't changed since 1993. President Trumpthat he would be amenable to a boost to the federal gas tax to pay for federal infrastructure projects, including rebuilding deteriorating roads, but there's been no movement on the issue.
With the federal gas tax rate remaining at 18.4 cents per gallon, you need only figure in the cost of your state gas tax. Fortunately, there's no math involved on your part: the cost per gallon at the tank includes the taxes. That formula looks like this:The final result can vary wildly, depending on where you live. As of today,
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