Connecticut diesel fuel taxes climb second year in a row

From CT Mirror.

Truck drivers and other motorists who buy diesel fuel in Connecticut began paying an extra 2.6 cents per gallon this week — their second increase in two summers.

The Department of Revenue Services set the new rate on July 1 at 46.5 cents per gallon, up from 43.9 cents one year ago and from 41.7 cents in 2017.

The new rate is still down more than eight cents from 2013, when the diesel tax peaked at 54.9 cents per gallon.

Connecticut adjusts the diesel rate annually following a complicated formula enacted by the legislature in 2008. The principal factor used to calculate the new rate involves an analysis of wholesale prices for diesel fuel and regular gasoline during the prior 12 months.

The head of the state’s largest trucking association said the tax increase over the past two years is a concern.

“Right now the diesel tax is significantly higher than the (regular) per-gallon gasoline tax,” said Joe Sculley, president of the Motor Transport Association of Connecticut, which represents more than 800 trucking and trucking-related businesses. “Members have noticed that.”

See the complete article from CT Mirror online.