Oklahoma and Alaska are about as red as states can be. Oklahoma has only elected Republicans to the Senate going back to 1994. Republican Don Young has been Alaska’s only congressman since 1973. However, both states are considering raising fuel-tax rates for the first time since the 1980s.
February 14, 2017Government, Fuel, Business
Red States Alaska, Oklahoma Seriously Mulling Fuel-Tax Hikes
Government, Fuel
Oklahoma Gov. Mary Fallin Proposes Gas, Diesel Tax Increase
Oklahoma’s tax on gas and diesel would increase under a budget proposal Gov. Mary Fallin (R) presented to legislators this week.
February 7, 2017Government, Fuel
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.
January 30, 2017Government, Fuel
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.
January 17, 2017Fuel
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.
December 12, 2016Fuel
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.
December 5, 2016Fuel
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.
November 28, 2016Government, Fuel, Business
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.
November 16, 2016Government, Fuel, Business
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.
October 24, 2016Government, Fuel, Business
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.
October 7, 2016