The Highs and Lows of Gasoline Tax

The Highs and Lows of Gasoline Tax

It’s likely that you never think about the gas tax when you fill your tank. That’s because it is included in the cost of each gallon, rather than being added on at the end of the sale like sales tax, or collected at tax time like income taxes. Even if you never think of gas tax, it is likely that you benefit from its collection: state excise tax on gasoline funds highway and mass transit projects in most states. Full story

Feeling Taxed At The Pump?

Feeling Taxed At The Pump?

As gas prices hover around $4.00 a gallon, seven in 10 Americans say the high cost of gasoline is causing financial hardship for their families. The nationwide average tax on gasoline of 49.5 cents per gallon has risen 1.4 cents since January of this year. Which states are being taxed more at the pump for gas and diesel? Let’s take a look. Full story