Sunday, June 23, 2013

Virginia's Gas Prices Expected to Drop After July 1

According to AAA Mid-Atlantic, after July 1 -- with the implementation of Governor Bob McDonnell’s transportation funding plan -- Virginia retail gas prices should begin to drop by about six cents per gallon as the commonwealth’s retail gas tax is replaced with lower tax at the wholesale level.

In contrast to the current 17.5 cents per gallon tax, The Virginia Petroleum, Convenience and Grocery Association (VPCGA) is estimating Virginia motorists will end up paying a total of 11.7 cents in taxes and fees for a gallon of gasoline through the end of the year (that figure includes the Virginia Petroleum Storage Tank Fee of six tenths of a cent).

Learn more in this press release.

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