Bloomberg BNA: Extras on Excise
media mentionThe price of gas is dropping, so get ready for holiday visitors as more people hit the road and take advantage of the lower prices. But when prices decrease, does that mean gas taxes decrease, too?
It depends. Some states impose a flat excise tax on gas, while others use calculations based on considerations like the price of gas, the Consumer Price Index or the sales tax that cause the gas tax rate to be variable, according to the Institute on Taxation and Economic Policy.