Showing posts with label gas prices. Show all posts
Showing posts with label gas prices. Show all posts

Tuesday, April 19, 2011

Pain at the Pump

Yow!! Gas prices keep rising and rising - and MoDOT doesn't like it any more than you! Unlike many state DOT's in America, MoDOT doesn't benefit when gas prices rise at the pump because we get a fixed rate per gallon. 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. In fact, Missouri fuel taxes haven't increased since 1996. 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.

Let's break it down: MoDOT receives 12.45 cents of the 17 cents per gallon of gas purchased (local governments receive the remaining 4.55 cents per gallon) and MoDOT receives 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. 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.

Higher gas prices hurt MoDOT because as prices rise, people buy less, which can decrease our funds. Missouri ranks 42nd for fuel taxes, yet we maintain the 7th largest highway system in America.

MoDOT's Chief Engineer Dave Nichols explains more about pain at the pump and how it affects Missouri in last week's To The Point podcast.

Thursday, June 4, 2009

Go Green, Save Green








Did you know you can “Go Green to Save Green” by visiting MoDOT’s Web site? This week, we launched a new online carpooling “ride sharing” database that let’s you find -- or create from scratch -- carpools anywhere in the state.
Click on the “Find a Ride” button and follow the instructions to get started. You’ll be matched with people in your area headed in your direction. Carpooling saves money and reduces your carbon footprint. Basically, it’s a win/win scenario that’s good for you and good for Mother Earth. On the site, you’ll find a map of our state-operated commuter lots complete with directions to and descriptions of each lot. We’ve also added links to some existing ride-matching sites in Missouri who have a base of subscribers.