Indiana, Tennessee at Forefront of Possible Wave of Fuel-Tax Hikes
With the contentious 2016 election over and few officials on the ballot again until 2018, transportation stakeholders believe that the current state legislative sessions could see fuel taxes raised to cover large funding shortfalls. Only New Jersey, which has off-year elections, did so in 2016.
Missouri Senate Fuel Tax Hike Sponsor Says It’s House’s Turn on Funding
A 5.9 cents per gallon fuel tax hike that had the support of then-Gov. Jay Nixon passed the Missouri Senate and two House committees last year, only to have the full lower chamber not even bring the bill up for a vote.
Diesel Tops Year-Ago Price for First Time Since 2014
The great slide in diesel prices has ended. After 124 consecutive weeks of diesel falling compared with its year-ago level, the U.S. retail average price is higher than it was 52 weeks ago for the first time since July 2014.
Pilot CEO Haslam to Give Deposition in Suit Seeking Damages in Fuel Rebate Scheme
An Ohio judge ordered Pilot Flying J CEO Jimmy Haslam to give a deposition Dec. 13 in connection with a lawsuit filed against the nation’s largest truck-stop chain by two carriers that have alleged they were victims of a massive diesel fuel rebate fraud.
Diesel Average Dips 0.1¢ to $2.420
The U.S. average retail price of diesel slid 0.1 cent to $2.420 a gallon, according to the Department of Energy, as crude prices reflected the uncertainty global production would be slowed.
N.J. Bond Rating Downgraded After Fuel Tax Hike
New Jersey’s bond rating was downgraded from “A” to “A-“ on Nov. 14 by S&P Global Ratings in the wake of the state’s massive fuel tax hike that became law last month.
New Jersey Senators Hope to Repeal Fuel-Tax Hikes
Just six days after New Jersey Gov. Chris Christie signed the compromise gas-tax legislation into law, two of his fellow Republicans introduced a bill on Oct. 20 to repeal it.
N.J. Legislature Votes to Raise Fuel Taxes to Replenish Transportation Trust Fund
The long-running battle over New Jersey’s Transportation Trust Fund could be on the verge of ending. New Jersey’s Senate and Assembly voted on Oct. 7 to provide $2 billion annually to the transportation fund for the next eight years, thanks to tax increases of 27 cents per gallon on diesel and 23 cents per gallon on gasoline.
Chris Christie Announces Deal for 23-Cent Gas Tax Increase for N.J.
New Jersey Gov. Chris Christie on Sept. 30 announced a deal with Democratic legislative leaders to add 23 cents per gallon to New Jersey’s 14.5-cent gasoline-tax levy and reduce consumer taxes elsewhere.
Diesel Increases 6¢ to $2.370; Gasoline Rises 4.4¢ to $2.193
The U.S. diesel average price rose 6 cents to $2.370 per gallon last week, the Department of Energy reported, as demand for the fuel rose.