With electric vehicles becoming more common, some states, like Texas, are levying flat fees to make up the shortfall.
There's no guarantee that consumers will save at the pump.
Levies average 37 cents a gallon nationwide. Three states have made the move and more may join them, but it might not provide enough relief.
There are several reasons. For one, the state is highly dependent on foreign crude oil.
The savings would average about $100 a year for drivers, and that's assuming all the savings would get passed on to consumers.
California is hiking gas taxes today by 12 cents a gallon. It’s also raising an annual fee based on a car’s value. The transportation package is expected to raise $54 billion over the next 10 years. The idea is the money will pay for repairs to roads, highways and bridges. California isn’t the only state […]
Despite closed bridges and major bottlenecks, the state still faces an uphill fight for its first gas tax increase in 28 years.