- Los Angeles Times – Oil falls, but gasoline prices are still rising
Oil prices took a tumble, but the relentless rise in retail gasoline prices continued overnight. The national average for a gallon of regular gasoline reached $3.833 Monday, according to the AAA Fuel Gauge Report, which is compiled by the Oil Price Information Service and Wright Express. That was 6.3 cents a gallon higher than the price one week ago, 29.1 cents a gallon higher than a month ago and 96.8 cents a gallon higher than a year ago.Six states reported gasoline prices averaging more than $4 a gallon: Hawaii ($4.484), California ($4.203), Alaska, $4.179), Illinois ($4.073), Connecticut ($4.068) and New York ($4.018.) In California, the price rose slightly from $4.202 a gallon overnight, but Monday’s average still represents a jump of 23.5 cents a gallon since last month and of $1.093 a gallon since last year. A similar rise in prices is expected to be shown when the Energy Department releases its weekly survey of retail fuel costs later today. “A lot of people are saying that it feels like we’re back in 2008,” said Phill Flynn, an analyst for PFGBest Research in Chicago, referring to the all-time record high prices for crude oil, retail gasoline and diesel reached in the summer of 2008. “But this is different. Now, we see oil doesn’t have to be near the high mark of $147 or $148 a barrel for gasoline to be closing in on a new record, and we’re going to come close to a new record.”
- The Chicago Tribune – (March 5, 2009) Suburbs pumping up gas taxes
Revenue-raising measures come as fuel prices are expected to rise
With the cost of gasoline expected to surpass $3 a gallon this summer, more motorists will be looking to save a few cents at the pump, but that’s getting more difficult with an onslaught of new municipal gas taxes.Cash-strapped municipalities — from Oak Lawn to Des Plaines to Glenview — have turned to taxing fuel to make up for plummeting revenue. Elmhurst is considering a 1.5-cent-per-gallon tax and Naperville is weighing whether to add 2 or 3 cents to its 2-cent-per-gallon tax. To make the tax more palatable, some communities are designating the money for road and infrastructure improvements. And while officials defend the need for revenue, gas station owners say the tax puts them and maybe the towns at a competitive disadvantage. In Des Plaines, owners with convenience stores want the right to sell packaged liquor to make up for what they say they’re losing.
- WGNTV – (March 16, 2010) – Naperville doubles gas tax to plug budget hole
Naperville was staring at a $14.1 million deficit when it began its budget process for the upcoming fiscal year. After taking several steps to shave that figure, officials still were left in a $4.5 million hole. Monday night, the City Council closed that gap, in large part by raising the city’s gasoline tax to 4 cents a gallon from 2 cents and by imposing a $2 monthly fee for garbage collection.
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