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The first federal gasoline tax in the United States was created on June 6, 1932, with the enactment of the Revenue Act of 1932, which taxed 1¢/gal (0.3¢/L). Since 1993, the US federal gasoline tax has been unchanged (and not adjusted for inflation of nearly 113 percent through 2023) at 18.4¢/gal (4.86¢/L).
During the first week of April 2024, California saw the biggest increase in the cost of gas compared to any other state. Gas prices rose $0.23 in California and $0.19 in Arizona.
In 2024, inflation has hit the U.S. and the global economy with a vengeance. From the perspective of the American consumer, the skyrocketing cost of gas has likely been the clearest indication of...
An assessment from CARB estimated that these changes will increase the cost of gasoline by 47 cents per gallon and the ... This is far less than the state's gas tax of nearly 33 cents per gallon ...
Instead, the General Assembly itself levied the tax increases—a statewide sales and use tax increase to 4.8%, a statewide increase in motor vehicle registration fees by $15, as well as, for the first time since 1986, a change in the statewide gas tax to be 3.5% of the price of a gallon of gas instead of a flat 17.5 cents per gallon. [7]
December 2, 2024 at 6:39 PM. New Jersey's tax on gasoline is about to increase. In an effort to fund the Transportation Trust Fund, the state Treasury Department announced an increase of 2.6 cents ...
A fuel tax (also known as a petrol, gasoline or gas tax, or as a fuel duty) is an excise tax imposed on the sale of fuel. In most countries the fuel tax is imposed on fuels which are intended for transportation. Fuel tax receipts are often dedicated or hypothecated to transportation projects, in which case the fuel tax can be considered a user ...
Commentary on a 2024 proposition coming to voters. ... When it comes to July 1 gas tax increase, every year is Groundhog Day. But enough is enough.