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Friday, June 1, 2007

State gas tax goes up two cents

The new month brings bad news for Georgia drivers--record high gas prices at the pump are going up. The state's gas tax jumps 2 cents a gallon today.

This is an automatic adjustment of the motor fuel sales tax that occurs when gasoline prices rise or fall 25-percent from a preset average. The tax hike goes from 15.2 to 17.3 cents a gallon. Another hike in the gas tax is likely on July 1st, when Georgia does its twice-a-year recalculation of the tax. The average price of gasoline is over 3-dollars a gallon.

GPB News Team: