Headline: New Taxes Send The Price Of Gas Soaring In Some States
If your wallet felt a little lighter during the first week of 2017, it wasn't your imagination. In addition to paying off those Christmas bills (more on refund anticipation loans here), consumers across the country are paying more in state and local taxes - including gas taxes. Drivers in seven states are paying more for gas in 2017.
In my own state of Pennsylvania, drivers saw an increase of more than 15% at the turn of the calendar: that's an increase of 7.9 cents per gallon to 58.3 cents per gallon in state taxes alone. The hike is due to a 2013 law aimed at improving infrastructure in the state; to help pay the bills, turnpike tolls are also going up (for progress on road work near you, check out PennDOT's handy-dandy interactive map). When you add the federal gas tax of 18.4 cents per gallon, it boosts the total tax to 76.7 cents per gallon, making it one of the most expensive states in the country to fill up at the pump.
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