Politicians Looking To Raise Prices At The Pump

Link here.

Remember: the administration's Secretary of Energy has said that the US needs to have gasoline prices similar to those in Europe for renewable energy to be competitive.

The linked article focuses on state revenue for the most part, but the writer does start and finish with comments about the Federal government.

This would be a good question for the presidential debates: would you support an increase in Federal gasoline tax, or a change in the way it is calculated?

My hunch:

• states raising taxes on gasoline: not gonna happen
• the federal government raising taxes on gasoline: not gonna happen

Mileage-based "road" tax, my hunch:

• California will adopt the tax, but won't take effect for six years once enacted (not earlier than 2020). Annual registration will include certifying the odometer. Procedures will be put in place to preclude annual lump-sum gasoline taxes for those who prefer to pay in "real-time."