There has been a lot of excited talk about the horrible oppression of the 2.8 cent increase in the tax on each gallon of gasoline. The media has been reporting ad nauseum on the possibility of a special session that will address the increase. The increase was not brought about by any legislation but the fact that the tax is a percentage of gas prices. Since prices spiked in the last six months, the tax "increased". Finally, the N&O is asking the relevant question:
How bad is your gas pain?
And the story actually gets better:
Does it hurt?
You may have noticed that you're paying almost three pennies more in taxes for every gallon of gas. North Carolina's inflation-adjusted tax rose Sunday to 29.9 cents -- on top of the federal tax, unchanged at 18.4 cents.
Some North Carolinians are really mad about the increase. They want to freeze the state gas tax or even roll it back down a few clicks. They want to punish whichever political party is responsible.
But, given the dizzy swings in pump prices this past year, it's hard to say just how much we feel the latest tax increase of 2.8 cents a gallon. And it's hard to agree on how much of our problems rise and fall with this tax.
And their estimate of how much the tax will hurt an individual:
If your car gets 20 miles per gallon and you drive 15,000 miles every 12 months, you'll buy 375 gallons over the next six months. You'll pay $10.50 more in taxes than you would have paid at the December tax rate of 27.1 cents.
If you are more environmentally conscious, you pay less. If you are not, you pay more.
I really do not think the ruckus over $10 a year is not justified. Hopefully it will die out as people realize that the increase is not as big a deal as it is being made out to be.