Friday, April 02, 2004

Why High Gas Prices? by Doug French

Doug asks if socialist Senators Schumer, Boxer and Reid, who all want to tap the Strategic Petroleum Reserve, would do the right thing and drop state taxes (they come from the high tax states of NY, CA, NV, respectively).

Of course, if the good Senator really wants to give Nevada drivers some relief, why not suspend gasoline taxes? The federal tax on gasoline is 18.4 cents per gallon. Then the State of Nevada, on top of that, levies another 33.7 cents. That’s 52.1 cents a gallon going to the government. Thus residents of the Silver State today pay the third highest gasoline tax in the nation – behind only New York and Hawaii. Of course, Californians pay nearly as much as Nevadans – over 50 cents per gallon. Interestingly, the three Senators looking to drain the SPR for their political gain are from states with the highest gasoline taxes, as well as the highest gas prices in the nation.

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