Doesn't it seem like yesterday, when gas cost .99â a gallon and a full tank amounted to about only $20 dollars? Well apparently yesterday has been greatly missed being that now all $20 dollars can do is move the gas needle a notch and keep you from running out of gas. Over the past couple of years, gas has increased with prices hitting $1.50 to $2.00 a gallon, but in the past few months the prices have sky rocketed to an all time high of $3.00 gallon, which has become a popular topic in societies concerns. The government is talking about increasing gas at a rate of .50â to $1.00 a barrel resulting into an even higher gas price and a prediction of less gas consumptions. A fuel tax is defined as a sales tax imposed on the sale of fuel1. In 2006, statistics showed that the national gasoline tax was recorded at 18.4â
Prototype of The Atlanta Journal-Constitution rede...
United States
United Statescents a gallon and had not been increased since 1993. "It's estimated that every penny of the federal gasoline tax yields about $ 1 billion a year2." The United States is one the world's leaders in the consumption and dependency on natural gas. The first U.S. state tax on fuel was introduced in February 1919 in Oregon. It was a 1 cent per U.S. gallon (0.3â/L) tax. In the following decade, all of the U.S. states (48 at the time), along with the District of Columbia, introduced a gasoline tax. By 1939, an average tax of 3.8â/gal (1â/L) of fuel was levied by the individual states. The fuel tax in Texas is currently set at 20â/gal since being raised to that amount in 1991. In May of 2007, the Texas House of representatives unanimously voted to pass a 'gas-tax relief' period for the 2007 summer driving...