Did you know that despite an increase of 13 cents a gallon over the past few years, Washington state’s motor fuel excise tax, as a percentage of the retail price of a gallon of regular grade gasoline, has actually fallen from about 21.9% in May of 1998 to about 9.6% in May of 2008? And did you know that at 36 cents a gallon, our state gas tax is still well below historic averages in inflation adjusted dollars?
Surprised? I wasn’t.
Coming up, I’ll one-up Barack Obama and explain why we not only shouldn’t be cutting the gas tax, but raising it. Dramatically. Stay tuned.