Tag Archives: Gas/Fuel Taxes or Prices

US Consumer Prices Rose 0.6% in July, Matching June Uptick

U.S. consumer prices jumped 0.6% in July as gasoline prices continued to rise. The Labor Department reported Wednesday that the increase last month in its consumer price index matched a 0.6% rise in June. The uptick was about twice what economists expected. But inflation remains in check: Consumer prices are up just 1% over the […]
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Reeling from the loss of gas tax revenue during pandemic, states are deferring billions of dollars of transportation project

State Library Ed. Note: If you cannot access this story via the link below, state employees can access this Washington Post story HERE via the State Library’s subscription to the US Newstream database. Alternatively, state employees can contact us for access: library.help@state.or.us or 503-378-8800. State transportation departments say $50 billion is needed to prop up already shaky infrastructure. Source: Reeling from […]
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 Reduced traffic leads to drop in Oregon fuel tax collections

Economist tells lawmakers it’s unknown whether easing restrictions will change commuting patterns. Oregonians have been driving less during the coronavirus pandemic — though steep drops have eased off in recent weeks — and the state, counties and cities will see less in fuel taxes to maintain roads and bridges. The overall decline for the state’s […]
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Editorial: Pay by the mile is driving your way

Revenue to pay for roads and bridges fell off the same COVID-19 cliff that everything else did. Oregon’s 36 cents per gallon fuel tax was causing problems before the pandemic as cars become more fuel efficient. And then try to pay for roads with a fuel tax when everybody is pretty much staying home. Source: […]
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Less driving in Oregon estimated to cost $125 million in lost gas tax revenue

People are driving less, but roads could suffer because of it. Early projections are gas tax revenues in Oregon will decline $125 million from March 2020 through March 2021 — the taxes raised $625 million in the 2019 fiscal year — in conjunction with stay-home orders due to the COVID-19 pandemic and could fall further […]
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People driving less could hurt cities, counties gas tax revenues

People are driving less, but roads could suffer because of it. Early projections are gas tax revenues in Oregon will decline $125 million from March 2020 through March 2021 – the taxes raised $625 million in the 2019 fiscal year – in conjunction with stay-home orders due to the COVID-19 pandemic and could fall farther […]
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While gas tax revenues plunge, road work will continue in Oregon, for now

When COVID-19 hit Oregon, people stayed home and stopped driving. Fewer drivers meant fewer trips to the gas station. That spells trouble for Oregon roads, which rely on funds from gas taxes. At one point, the Oregon Department of Transportation said traffic on Oregon roads fell by as much as 40%. Revenues from the gas […]
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COVID-19: Staying Home and Driving Less

  Our friends over at the Oregon Department of Transportation have been busy. They are crunching numbers and writing reports on how COVID-19 is impacting traffic patterns, driving behavior, associated tax revenues, and the like. What follows is a quick summary of their latest reports and links to follow along as they publish updates. First, a […]
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Traffic drop from stay-at-home orders imperils road funding

America’s roads are a lot less congested, due to coronavirus shutdowns that have kept millions of commuters, shoppers and vacationers parked at their homes. While that makes it easier to patch potholes, it also could spell trouble for road and bridge projects. The longer motorists remain off the roads, the harder it will be for […]
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Central Oregon counties face the unknown as they budget for next year

Gas tax, transient room tax likely to take a hit. Every spring, local governments start projecting how much money they expect to bring in and prioritize what projects should be done for the next fiscal year, which begins a few months later, in July. But this year, local governments are wading into a world of […]
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