U.S. gas tax to rise $4.5 in 2017, bringing to $5.50 an gallon
Posted January 06, 2018 09:10:25 U. S. President Donald Trump signed an executive order on January 6, 2018 making it mandatory for the U. States Department of the Treasury to raise the federal gas tax by $4 a gallon.
The order, which will be effective on January 18, 2018, will bring the annual gasoline tax to a whopping $5,890.
That’s up from the current rate of $3.83, according to the Treasury Department.
That brings the annual gas tax increase to $3,936.
The increase will apply to consumers purchasing gas in November 2018, which is now slated to be January 20.
However, there’s one catch.
It won’t apply to anyone currently living in the country who purchases gas for personal use or in the form of a purchase at a gas station.
The new tax will apply only to those who purchase gas for transportation and for the purposes of transportation to and from a job.
“We will continue to pursue policies that encourage more Americans to buy fuel efficient vehicles and drive less in the future,” said Secretary of the Interior Ryan Zinke in a statement.
Department of Transportation (DOT) has said the gas tax hike will help reduce greenhouse gas emissions by at least 60 per cent by 2025.
The fuel tax hike has been a contentious issue in the U, and Trump has been vocal in his opposition to the measure.
The gas tax will go up in every state in the union and will take effect Jan. 1.
A tax hike for those who have been living abroad The United States has the world’s largest gas tax, at $2.25 a gallon, which it uses to pay for transportation, air and water.
The tax is paid by all Americans and is a major source of revenue for the federal government.
The Trump administration has said that the increase is necessary to help fund the $3 trillion infrastructure bill Congress passed in December.
However the U