Good evening, I have a question concerning State Gasoline taxes and the effect that it has on the total price at the pump.
I have lived in Middle Georgia since 1974 and was raised in North Carolina. I have relatives in North Carolina and continue to visit about 4 time per year. When I first began the trips I would stop in the northern part of Ga to fill the tank since S.C. and N.C. prices were approximately 10-12 cents per gallon higher because of the gasoline tax. Now the prices are almost equal. Are the states with lower taxes making more profits or did I miss something with all of the new laws being passed.
I am attaching a link to a site that has some info about each state>
Georgia Prices Commodity price is approximately 2.34 Fed tax is .185 Ga tax is .075 Plus .04 per gallon
2.64 plus what ever the profit isN.C. Prices Commodity price is approximately 2.34 Fed tax is .185 N.C. tax is .245
2.787 plus what ever the profit isBut if you go to the pumps in each state (N.C. & Ga) the prices are within a nickel of each other?? thanks for your inputs cil