It’s no secret that gas prices are increasing, but you might not know that gas taxes could be going up soon too. The N.C. General Assembly should seriously consider House Bill 399, which seeks to cap that gas tax at the current rate of 32.5 cents a gallon.
Not doing so puts additional pressure on drivers at a time when finances are already tight and when drivers are often on the road the most: during the summer months.
And while many of us won’t be here this summer, plenty of our peers, professors and parents will.
Part of the N.C. gas tax rate is calculated as a percentage of the wholesale price of fuel, so rising prices result in effective tax increases. The tax rate is reset every six months with the next increase scheduled to go into effect July 1.
Rising gas prices are a significant burden for public transportation systems, school districts and anyone who needs to drive on a regular basis.