..........HARRISBURG, Pa.Pennsylvania's new transportation law will raise fuel taxes Jan. 1 and companies that supply gas and diesel in Pennsylvania say razor-thin profit margins leave them little choice but to pass on the entire cost increase to the pump.
"Unfortunately, if it's going to go up 10 cents, it's going to go up 10 cents to people we supply," Reilly said. "Nobody can eat a penny today, much less 10 cents."
Under the law, signed Monday by Corbett, higher taxes and fees will unfold over the next five years to collect an additional $2.3 billion to $2.4 billion a year. That's roughly 40 percent of the $5.7 billion the Pennsylvania Department of Transportation is planning to spend this year on state and local roads and bridges and mass transit systems.
The effect on Jan. 1 will be a 9.5 cent per gallon tax increase on unleaded and a 13 cent per gallon tax increase on diesel, according to PennDOT. If the law were fully in effect today, gas taxes would go up by 28.5 cents per gallon, based on the average wholesale price set by the Department of Revenue for 2013.
When spring time gas comes into affect in May, for special blend gas, the price will jump up to 39 cents a gallon by May 15th.
Thanks Governor !
Transportation law hailed as bipartisan victory
November 25, 2013 11:39 PM
Read more: http://www.post-gazette.com/news/state/2013/1...
PAY UP LIBS......we're out of other people's money.