Fuel Taxes

Did your know:

The federal tax on fuel is 18.4 cents per gallon, regardless of the pump price.

The state tax is 17 cents per gallon, regardless of the pump price, for a grand total of 35.4 cents per gallon purchased at the pump.

Missouri is estimating that the cash in the road funds will decrease from the current $1.8 billion to just under $560 million by 2010.

If I were a betting man, I think we could be looking at higher gas taxes in the near future.

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Published in: on February 4, 2009 at 4:09 pm  Leave a Comment  
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