As many holiday travelers will find out, filling up your tank in NC just got more expensive today. Thanks to a 2009 law that not only eliminated the cap on the variable portion of the gas tax, it also changed the cap to a floor, the state gas tax rises today by another 2.5 cents to a [...]
More Bad News for the Pumps, Relief Still a Possibility
Shortly after I released an article on how OPEC was having difficulty raising oil production to stave off higher prices, another story came out with more details on exactly what this means for the economy. Though gas is climbing steadily higher, North Carolina’s lawmakers have a real chance to minimize its cost for citizens. This rise in [...]
WRAL gets the gas tax wrong
A WRAL story on the gas tax reports that taxes don’t really factor in to the price at the pump. WRAL could not have gotten the story more wrong. This excerpt from the online version says it all: “Foster and other DOT officials argue that there is little correlation between the gas tax and the [...]
