Q&A of the Week March 16, 2022
Question:
What is the Federal Gas Tax?
Answer:
The Federal Gas Tax is 18.4 cents per gallon of gasoline. This amount has stayed the same since 1993!
The Federal Gas Tax is the primary source of funding for highway construction.
Tax revenues are decreasing due to inflation, electric cars, etc., but the spending on highway construction is increasing.
You can read more about the Federal Gas Tax here: https://taxfoundation.org/road-funding-vehicle-miles-traveled-tax/