Diesel price drops 4.2 cents per gallon on July 1

The Connecticut Department of Revenue Services has released its annual calculation for the diesel fuel tax that will be in place for the next year. The tax will decrease from 54.5 cents to 50.3 cents per gallon. The cost of diesel fuel during the previous year is a factor used to calculate the future tax rate. Since the cost of diesel fuel was significantly lower in the past year, the calculation resulted in a drop in the tax.