|Contact: Gene Guilford email@example.com or Chris Herb firstname.lastname@example.org|
|For Immediate Release June 29, 2012|
CONNECTICUT'S DIESEL EXCISE TAX GOES UP 5c A GALLON JULY 1ST
CT Diesel Tax Now the Highest in the U.S.
[Cromwell, CT] The Independent Connecticut Petroleum Association, representing the majority of the state's 1,400 retail motor fuels outlets that sell gasoline and diesel fuel, reminded motorists and truckers today that the state's diesel excise tax goes up 5c a gallon, from 46.2c to 51.2c, effective July 1, 2012
With this increase the State of Connecticut now has the highest diesel excise tax in the United States. The impact of this increase is approximately $29 million a year in higher diesel fuel costs.
Connecticut's motor fuels excise tax policy places the state's motor fuels retailers in a grossly uncompetitive position in relation to their counterparts in Massachusetts - where that state's lower taxes result in retail prices 20c a gallon less than Connecticut, and Rhode Island, where that state's lower taxes result in retail prices 15c a gallon less than Connecticut.
For more information on this issue please go to http://www.icpa.org/consumerInfoMotorFuel/dieselFuelTaxesPrices.php
The Connecticut Department of Revenue Services documentation on this diesel excise tax hike may be viewed here http://www.ct.gov/drs/cwp/view.asp?A=1529&Q=505952
ICPA represents more than 576 Connecticut based independent businesses. These businesses serve more than 680,000 heating fuels consumers, employ 13,000 Connecticut citizens at the majority of our state's 1,400 motor fuels outlets and 600 heating fuels retailers. ICPA's offices are at 10 Alcap Ridge, Cromwell, CT 06416.
For more information about today's Press Release, contact Gene Guilford or Chris Herb.