Pennsylvania Gasoline Tax May Soon Be Highest In U.S.

Map of Pennsylvania (Photo credit: Wikipedia)

Gov. Tom Corbett struck a populist note in this week’s budget address, saying lifting the Oil Company Franchise Tax cap would force oil and gas companies to “pay their fair share.” But the increase will likely be passed onto consumers at the pump and may make Pennsylvania gasoline the most heavily taxed in the nation.

As levied now, the tax is about 9 percent of the price of a gallon of gas, but calculated on a maximum price of $1.25 per gallon, yielding about 20.3 cents. By gradually lifting that cap over time to reflect actual gas prices – already more than double the cap – the amount of the tax paid per gallon could more than double.

Gov. Corbett tried to soften the blow by cutting another state tax on fuel, the excise tax, from 12 cents down to 10 cents.

That could be cold comfort for consumers.

Read more:  http://thetimes-tribune.com/news/business/pa-gasoline-tax-may-soon-be-highest-in-u-s-1.1441386

Gas Dips Below $3 A Gallon In New Jersey

Census Bureau map of Newark, New Jersey (Photo credit: Wikipedia)

Falling gas prices are hitting numbers not seen since the beginning of the year.

How about under $3 a gallon in North Jersey?

A Delta station on Brook Avenue in Passiac Park, north of Newark, is charging just $2.97 a gallon, the lowest in the state, according to GasBuddy.com – and it’s not some gimmick price.

“It’s very busy,” said a worker who declined to share his name.  ”Like Hurricane Sandy all over again.”

Read more: http://www.philly.com/philly/business/20121218_Gas_dips_below__3_a_gallon_in_N_J_.html#ixzz2FSs6mPoa
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Here Is The Official BS For Why Gas Prices Have Risen

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So it would seem because the economy has improved, albeit very little, and we all spent a few extra dollars on Christmas presents – GREEN LIGHT - it’s okay a gouge us at the gas pump.  Some mumbling about commodities, the dollar is worthless, gas supplies are good and all that rot.  So bend over America!

Gas prices have risen nationally, 16 cents over last month and 46 cents over last year!  The price of a gallon of regular unleaded gas is $3.05 (national average).

Many people are only doing absolutely necessary driving, me included!  This is highway robbery!  Time for another boycott!  Seems if we don’t buy anything, the price of gasoline will come back down following this logic!

Great way to stimulate the economy, not!