Kentucky Gas Tax Set to Increase in July
LOUISVILLE, KY - Gas prices are getting ready to go up again in Kentucky.
On July 1, the state's gas tax will increase 2.1 cents per gallon. That means motorists will be paying nearly 30 cents in state taxes for each gallon they purchase. The increase is automatic because Kentucky's tax is tied to the average cost of wholesale gas, which has been rising. Kentucky Transportation Cabinet spokesman Chuck Wolfe told The Courier-Journal that the increase is expected to generate about $57 million next year for the state Road Fund.
The newspaper reports that the state's gas tax has increase more than 80 percent since 2003.
When added to the federal tax of 18.4 cents per gallon, motorists pay a total tax of 48.3 cents for each gallon of gas purchased.