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Gov. Mike DeWine's administration on Thursday recommended increasing the state gas tax by 18 cents a gallon beginning July 1 and annually adjusting that tax for inflation to provide sufficient ...
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).
Since then, prices at the pump have fallen to an average of $2.79 in Georgia — third-lowest in the nation according to AAA. Now, prices most places will climb back over $3 per gallon.
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...
The other 2.5 cents of the Omnibus Act was directed towards deficit reduction. In 1993, President Clinton increased the gas tax to 18.4 cents with the Omnibus Budget Reconciliation Act of 1993 with all of the increase going towards deficit reduction. The Taxpayer Relief Act of 1997 redirected the 1993 increase to the newer Fund. [4]
In 2019, Ohio Governor Mike DeWine proposed a gas tax increase in the state's two-year transportation budget. Representative Reineke opposed HB 62 because of the gas tax increase. The tax increase passed despite the opposition from Reineke and other conservatives in the House and Senate. [7]
Illinois drivers face a gas tax of $0.392 per gallon, and that's going to increase soon to $0.470 per gallon. This might not be the highest on our list, but a significant amount still adds up ...
The suspension of the taxes, at 31.2 cents per gallon of gasoline and 35 cents per gallon of diesel fuel, begins Wednesday and lasts through Oct. 12. Georgia Gov. Brian Kemp is suspending state ...