Many states have increased gas taxes as a way to increase the tax revenue and shore up budget shortfalls, and use the revenues to fix transportation infrastructure projects that are long overdue.

Earlier this year, Wyoming increased its tax per gallon from 14 cents to 24 cents, the first increase the state has implemented in 15 years. The increased revenue is expected to raise  $47.4 million for highway work, and goes into effect in July.

Governors of Pennsylvania, Maryland, Michigan and Vermont have also proposed raising the consumption tax on placed on gas. The state legislature in New Hampshire will hold a hearing Thursday to considering phasing in a 15-cent-per-gallon increase.

Continue reading →