FORBES Advisor By Caren Weiner, Reviewed By Dawn Nici June 29, 2023
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Travelers who are hitting the road over the July Fourth holiday weekend may have to shell out more at the pump than they’d planned for. As of July 1, nine states will be increasing the taxes they collect on each gallon of fuel. Three are imposing new taxes on electric vehicle charging stations. Gas prices have fallen by almost 20% since May 2022. Industry experts say that tax changes impact prices far less than factors like the price of crude oil. Still, for inflation-burdened Americans, any tax increase is likely to feel unwelcome. At least drivers paying for gas by credit card may get rewards down the road. Here’s what you can expect at the pump and plug.
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