California isnt the only state hiking gas taxes

california

Just so you know, California isnt the only state raising gasoline taxes.

As 2018s second half starts, drivers in seven states face just-raised taxes on fuel, according to the Institute on Taxation and Economic Policy.

In fact, 27 states nationwide have increased gasoline taxes in the past five years – with Missouri voters facing an Election Day choice to become No. 28 with a gas-tax hike on their November ballot.

The underlying rationale for these tax hikes — spanning both red and blue states – is a relatively recent realization that more funds are needed for transportation projects, particularly road repair and improvements. Gas-tax receipts are down primarily because Americans use more fuel-efficient vehicles.

In November, California added a 12-cent gas-tax increase (and 20-cent diesel-tax increase) due to a new law approved by the legislature and signed by Gov. Jerry Brown. Come November, voters will get to decideif these increases will be repealed.

So whos upped gas-taxes, mid-2018?

Oklahoma: The first time in 31 years, the states gas tax rate rose — up 3 cents to 19 cents per gallon.

South Carolina: Up 2 cents as part of a 12-cent hike that will be slowly phased in.

Indiana: Up 1.8 cents, based on a formula tied to inflation and gasoline prices.

Maryland: Up 1.5 cents, based on a formula tied to inflation and gasoline prices.

Tennessee: Up 1 cent, part of a phased-in hike that will total 6 cents.

Vermont: Up 0.42 cents, based on gas prices.

Iowa: Up 0.2 cents for fuels that are not blended with ethanol.

Nebraska: Cut by 0.4 cents under a formula tied to fuel prices and infrastructure spending. (Note: its fuel taxes are 1 cent higher than last year.)

ICYMI: Southern California inflation at a 10-year high. Blame housing, gas prices!

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