S TAT VIEW PUCHASING POWER OF THE GAS TAX SINCE 1993 Costs have continued increasing and Congress has


done nothing. The gas tax has lost almost 40 percent of it’s purchasing power. Still set at 18.4 cents per gallon of gasoline, the fuel tax has drastically lower purchasing power than it did in 1993.


10¢ 15¢ 20¢


0¢ 5¢


What are the implications? Since 2008, the


federal government has regularly scrambled to provide the Highway Trust Fund with enough money to get by in the short-term without coming up with a long-term solution to fix a perpetually draining fund


1993


1998 Federal gas tax


2003


2008


2013


Federal gas tax adjusted for inflation


Resources: The Federal Excise Tax on Gasoline and the Highway Trust Fund: A Short History, Department of Transportation, FHWA, FTA, Texas A&M Transportation Institute, Federal Highway Administration, U.S. Chamber of Commerce, American Trucking Associations, AAA Insurance


ATR 44 ARKANSAS TRUCKING REPORT | Issue 1 2015


Cents per gallon


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