Datebook

Happy anniversary, federal gas tax!

Michelle Philippe May 30, 2014
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Datebook

Happy anniversary, federal gas tax!

Michelle Philippe May 30, 2014
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From the Marketplace Datebook, here’s an extended look at what’s coming up the week of June 2:

On Monday, the Commerce Department issues construction spending data for April. On Tuesday it reports on factory orders for April.

Have you been doing some spring cleaning? Maybe cleaning out the garage to make room for a new car? Automakers are slated to report sales for May.

On Wednesday, the Senate Budget Committee holds a hearing on “The Impact of Student Loan Debt on Borrowers and the Economy.”

On Thursday, chain-stores are scheduled to release sales figures for May.

That brings us to Friday when all eyes will be on the May jobs report.

On June 6th, 1998, HBO’s “Sex and the City” premiered. It ran for six seasons and (fortunately) remains in syndication.

It’s also the anniversary of the first federal gasoline tax, enacted in 1932. One penny per gallon. That’s where it began. Today we pay 18.4 cents per gallon, and state tax too.

And finally, June is National Candy Month. You may ask “why?” But I think the real question is, “Why not?” We’ll wrap on that.

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