Prices at the pump go up Friday as Vermont gas tax rises

MONTPELIER, Vt. (WCAX) – Whereas different states take a gasoline tax vacation, Vermont is elevating its gasoline tax on Friday.

Each three months, state regulators set the gasoline tax.

When Vermonters use much less gasoline, the tax goes up in order that the revenues filling state coffers stay stage.

So, as a result of Vermonters are filling up much less now, beginning Friday the whole state and federal taxes on gasoline will probably be 55 cents per gallon. That’s a rise of greater than 4 cents from final quarter and a 5.5-cent enhance from a yr in the past.

“I really feel for purchasers which are having to pay 4-and-a-half-cents extra however that’s the system that we’ve constructed over the previous decade… When this was put in place about 10 years in the past in Vermont, the concept was as the worth rises and folks use much less of it, the Transportation Fund nonetheless wants the cash to bond for fixing roads and bridges and paving tasks, in order that was the logic behind placing in a fluctuating tax,” stated Matt Cota of the Vermont Gasoline Sellers Affiliation.

Cota says Vermonters shouldn’t fear about repeatedly rising charges, because it’s potential a cap could also be imposed within the Legislature to restrict payment will increase after they return in January to start the subsequent session.

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