Pain at the Pump Hits the Roads

7 years 1 month 6 days ago Wednesday, April 20 2011 Apr 20, 2011 Wednesday, April 20, 2011 8:12:00 AM CDT April 20, 2011 in News
By: Nina Moini
loading

JEFFERSON CITY - MoDOT said in a blog post Tuesday, the agency doesn't like high gas prices any more than drivers. Missouri's state fuel tax is 17 cents per gallon (for gas and diesel) no matter if gas is 1 dollar or 50 dollars a gallon. Missouri fuel taxes haven't increased since 1996. Here is an excerpt from the blog post by MoDOT,

"The fact that Missouri ranks low for fuel taxes is why gas prices in the Show-Me State are also some of the lowest in the country."

MoDOT receives 12.45 cents of the 17 cents per gallon of gas purchased (local governments receive the remaining 4.55 cents per gallon). That totals approximately $500 million a year from the state fuel tax. The federal fuel tax rates are 18.4 cents on gasoline and 24.4 cents for diesel. MoDOT said the price Missourians pay at the pump comes from four different costs: 65 percent crude oil, 15 percent refining, 10 percent distribution and marketing, and 10 percent federal and state taxes.

MoDOT public relations coordinator Jorma Duran said higher gas prices hurt MoDOT because as prices rise, people buy less, which can decrease MoDOT's funds. Missouri ranks 42nd for fuel taxes to maintain the 7th largest highway system in America.

"People may not spend as much on gas and what does that do, it lessens the amount of money we end up receiving which potentially in the future, may mean less projects and less maintenance," said Duran.

But MU economics professor Joe Haslag said MoDOT does not have much to worry about in the short term.

"It will take time for people to adjust to the rising gas prices, and in the long run MoDOT will deal with the same problems as everyone else effected by gas prices,"Haslag said.

Duran said the fuel tax in Missouri cannot change unless voters approve an increase. He also said MoDOT is mostly worried about maintenance and funds due to budget cuts put forth by Gov. Nixon.

More News

Grid
List
BOONVILLE - Hundreds of cyclists were traveling from Columbia to Boonville for the 10th annual Pedaler's Jamboree. The event... More >>
1 hour ago Saturday, May 26 2018 May 26, 2018 Saturday, May 26, 2018 4:59:00 PM CDT May 26, 2018 in News
COLUMBIA - In August 2017, Michael Stephenson moved into his new town home at Aspen Heights for the new school... More >>
2 hours ago Saturday, May 26 2018 May 26, 2018 Saturday, May 26, 2018 4:43:00 PM CDT May 26, 2018 in News
COLUMBIA - Open pools means play time for many people in Columbia but Parks and Recreation is still hard at... More >>
2 hours ago Saturday, May 26 2018 May 26, 2018 Saturday, May 26, 2018 4:42:00 PM CDT May 26, 2018 in News
JEFFERSON CITY - Seven people die every day due to house fires. The American Red Cross is teaming up with... More >>
2 hours ago Saturday, May 26 2018 May 26, 2018 Saturday, May 26, 2018 4:30:00 PM CDT May 26, 2018 in News
INDEPENDENCE - An 87-year-old man has gone missing after leaving his residence Friday. He has been diagnosed with significant memory... More >>
2 hours ago Saturday, May 26 2018 May 26, 2018 Saturday, May 26, 2018 4:29:00 PM CDT May 26, 2018 in News
JEFFERSON CITY (AP) — Missourians who are moving outdoors as the weather should keep their eyes open for snakes. ... More >>
8 hours ago Saturday, May 26 2018 May 26, 2018 Saturday, May 26, 2018 10:21:00 AM CDT May 26, 2018 in News
LAKE OZARK - For those heading to the lake Memorial Day weekend, Saturday morning is the first day of a... More >>
9 hours ago Saturday, May 26 2018 May 26, 2018 Saturday, May 26, 2018 9:00:00 AM CDT May 26, 2018 in News
(CNN) -- The counting of votes was underway Saturday following Ireland's referendum to lift the... More >>
12 hours ago Saturday, May 26 2018 May 26, 2018 Saturday, May 26, 2018 6:43:00 AM CDT May 26, 2018 in News
NEW BLOOMFIELD - New Bloomfield has a new mayor, but it's the way he was selected that has a group... More >>
21 hours ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 9:26:00 PM CDT May 25, 2018 in News
KANSAS CITY (AP) — The ACLU of Missouri is suing the Independence School District on behalf of a senior banned... More >>
1 day ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 6:35:00 PM CDT May 25, 2018 in News
COLUMBIA - The Thornbrook neighborhood was without water and electricity for almost two hours on Friday. Columbia Water and... More >>
1 day ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 5:36:00 PM CDT May 25, 2018 in News
CALLAWAY COUNTY – Four vehicle crashes have occurred this week along State Road F west of Fulton in Callaway County.... More >>
1 day ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 4:12:00 PM CDT May 25, 2018 in News
COLUMBIA – After serving eight years in the United States Air Force, the passion of this veteran for sky travel... More >>
1 day ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 3:50:00 PM CDT May 25, 2018 in News
JEFFERSON CITY - In another day of political theater, the special House committee investigating Governor Eric Greitens heard new testimony... More >>
1 day ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 3:15:00 PM CDT May 25, 2018 in News
COLUMBIA- Organizers are expecting a large turnout for the 30th annual "Salute to Veterans" airshow on Memorial Day weekend. ... More >>
1 day ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 2:53:00 PM CDT May 25, 2018 in News
COLUMBIA- When most people lose an animal, one of the first steps is to put a "missing" sign on a... More >>
1 day ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 2:46:00 PM CDT May 25, 2018 in News
COLUMBIA - Aircraft and pilots met at Columbia Regional Airport Friday to prepare for the 30th annual "Salute to Veterans"... More >>
1 day ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 2:45:00 PM CDT May 25, 2018 in News
CALIFORNIA - A high-speed car chase ended Sunday when the suspect slid into a ditch, according to a press release... More >>
1 day ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 2:30:00 PM CDT May 25, 2018 in News
Columbia, MO
Broken Clouds 88°
7pm 86°
8pm 85°
9pm 81°
10pm 79°