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Fuel Tax


Wyoming Tax Break

By: Sam Stires / Posted on: July 30, 2020

Tuesday, The Wyoming legislature’s Joint Minerals, Business and Economic Development Committee has sponsored a bill proposing tax relief for oil and gas companies in a bid to stimulate an increase in production. The bill, if approved, calls for tax exemption on oil production until the price of WTI reaches $45 per barrel. A year ago, Wyoming produced 102.1 million barrels of crude with 37 drilling rigs. “We’re recognizing that if [the] price is too low, companies are not going to come back anyway. So, we’re gonna set it at maybe a break-even to get a company over the hump to choose Wyoming over North Dakota, to choose Wyoming over New Mexico,” said the president of the Petroleum Association of Wyoming, Pete Obermueller, as quoted by Wyoming Public Media.

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Will Pennsylvania Raise Gas Taxes Again? Update

By: Jon Babyak / Posted on: July 2, 2020

Last December I wrote about the proposed Transportation and Climate Initiative (TCI), which would require wholesalers of gasoline and diesel in participating states to buy carbon credits to sell their fuel.  As a result of the COVID-19 pandemic, the TCI jurisdictions have adjusted their timeline for developing the program, and a final Memorandum of Understanding is now expected in the fall of 2020.  TCI notes that work on the program details will continue, as will engagement with stakeholders.

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Will Pennsylvania Raise Gas Taxes Again?

By: Jon Babyak / Posted on: December 27, 2019

In an effort to reduce greenhouse gas emissions from transportation, 12 Northeastern states and Washington D.C., including Pennsylvania, are weighing a regional program that would raise the price of gasoline.  The Transportation and Climate Initiative (TCI) defines their program as a “bipartisan group or Northeast and Mid-Atlantic Jurisdictions” looking to “achieve additional benefits through reduced emissions, cleaner transportation, healthier communities, and more resilient infrastructure.”  According to CBS Pittsburgh, their recent plan would require wholesalers of gasoline and diesel in participating states to buy carbon credits to sell their fuel.  Critics of the program are quick to point out that the costs of these credits will be passed on directly to the consumer.

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Home Heat Tax

By: Ryan Wolfe / Posted on: October 23, 2019

Seattle is making an attempt to move aggressively towards cutting the city emissions.   In September, Mayor Jenny Durkan signed a bill that would tax home heating oil an additional 24 cents per gallon.  This tax would be on top of the existing 10% heating oil tax that currently exists for the residents of Seattle.  This tax will take effect starting during the summer of 2020. 

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IFTA Tax, who pays, and who doesn’t?

By: Daniel Guttman / Posted on: October 8, 2019

The 3rd quarter of the year ended just a few days ago and trucking companies all over the country are reconciling fuel purchases and miles driven to ensure proper International Fuel Tax Agreement (IFTA) tax filings. If you are not in the trucking business, IFTA is just another acronym to be thrown around, but here is a quick run down so that you can look smart at social gatherings or answer a jeopardy question in the future.

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