Gas prices drop in time for holidays; NE gas tax set to increase - kotanow.com- Scottsbluff Area News, Sports, and Weather

Gas prices drop in time for holidays; NE gas tax set to increase in 2014

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Motorists are paying less at the pumps, as the price of gasoline continues to drop.

At some Scottsbluff stations, the price for a gallon of regular gasoline has dipped to below the three-dollar mark.

Some drivers say the dropping prices really help out, especially around the holidays.

And while those prices seemed to have dropped for now, the tax Nebraskans pay for gasoline will increase come January.

The State Revenue Department says the Nebraska 'fuel tax' will slightly increase in 2014 from 26.3 cents to 26.4 cents.

The new rate will be in effect from January 1 to June 30, and will be adjusted in July, if necessary.

Each cent of motor fuels tax generates about $12 million in revenue annually for the state.

Most of that money is used to fund Nebraska highway projects and maintenance.

In the previous fiscal year, the state fuels tax raised more than $306 million for projects.

 

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