Raleigh, N.C. — Beginning July 1, the cap on North Carolina's gasoline tax will become the tax base, and there will be no limit to how high it can go.
The tax was set to drop Wednesday from 29.9 cents per gallon to 27.8 cents, but legislation signed into law earlier this month now sets the minimum for the next two years at 29.9 cents.
The Department of Transportation said that because of it, the state lost $400 million in potential revenue over the past six months that could have been used to fix roads.
Keeping the tax at 29.9 cents will generate an estimated $50 million from July 1 to December 31, the DOT predicts.
The gas tax, which is tied to the wholesale price of fuel, is set every six months. The next time it can be increased is December.
North Carolina drivers are paying an average of $1.35 per gallon less than this time last year. Without a cap, a gallon would have been more than 10 cents higher.



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July 1, 2009 12:06 p.m.
July 1, 2009 11:43 a.m.
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Which makes one wonder when the government-approved inflation numbers (even including the volatile food/energy components) over those same six years comes nowhere close to justifying doubling the costs of construction.
Even accepting that true inflation once you factor in the deficits and all of the "off-budget" items that don't appear in the accounting is probably closer to 4-5% per year...where in the world is the other 70-75% of that increase in costs coming from?!?
I can name that tune in two words...MISMANAGEMENT and GREED.
I wouldn't have a problem with taxation for the public good. However, we're subjected to unnecessary taxation to put billion$ into the pockets of greedy politicians and thieves with corporations!
July 1, 2009 8:47 a.m.
June 30, 2009 7:32 p.m.
That should happen, oh, let's say, sometime after all politicians die.
June 30, 2009 6:17 p.m.