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A gas tax holiday could save the day
1. A gas tax holiday could save the day
NEW YORK (CNN/Money) - Consumers may finally be getting a break at the pump as some states
moved to suspend gasoline excise taxes.
Drivers in Georgia are already seeing lower pump prices after the state suspended taxes on gasoline
last week. Consider multiple straightforward changes that may be added to a standard
centrifugal or positive displacement pump. In pumps that have overhung impellers, changing to a
solid shaft is a basic refinement in relation to basic sleeved shafts. Mechanical seals can be
enhanced by using silicon carbide faces, and elastomers are able to be replaced with EPDM. Finally,
magnetic. Many installed pumps were not originally designed for their current use. Often, a line in a
facility is modified and the pump that once providedcooling water to an injection molding machine is
now needed to move oil from a rail car to a tank. Sadly, this leads to quite a few problems for the
pump and the company. Pumps operate where the pump curve crosses the system curve. If you move
a pump from one system to another, this means that the system curve is different. This new system
may cause the pump to operate away from its best efficiency point, leading to shaft breakage and
other component problems that are simply symptoms of a mis-matched pump and system.bearing
protectors will prove to be a great improvement over the lip seals which the vast majority of
commercial pumps use to maintain clean bearing sump oil.
Other states may follow.
After peaking at $3.06 Monday when Hurricane Katrina caused shortages, the average price for a
gallon of regular unleaded gasoline dipped by a little more than a penny to $3.04 Tuesday, up from
$1.85 a year ago, according to AAA.
But the motorist organization said its survey has been unable to keep up with real price increases,
which have surged well above $3 a gallon in many areas and above $5 around Atlanta.
Late last week, Georgia legislators suspended the 7.5 cents-a-gallon gas tax and 4 percent sales tax
on gasoline until Oct. 1.
Georgia Gov. Sonny Perdue said the tax break in Georgia could cut the cost of gas by about 15 cents
a gallon; the one-month break is predicted to cost the state $75 million.
State lawmakers in other states, including Oklahoma, Massachusetts, Connecticut and Pennsylvania,
have either proposed or are considering similar measures.
All 50 states apply a flat-rate tax on each gallon of gas sold, with an average of 21.8 cents per gallon,
according to the American Petroleum Institute.
That's in addition to state sales taxes, usually between 2 percent and 6 percent, and a federal tax of
18.4 cents per gallon.
New York leads the nation with the highest state gasoline taxes while Alaska has the lowest, the
American Petroleum Institute said.
2. On top of New York's state tax of 8 cents per gallon, it charges 8 percent state sales tax and a
Petroleum Business Tax of 15.2 cents per gallon. There is also a spill tax of 0.3 cents per gallon and
a petroleum testing fee of 0.05 cent per gallon levied on gasoline.
Many economists believe that if prices at the pump continue trending upwards it would severely
hurt the spending power of American consumers, especially low- and middle-income households. Â
In need of a break?
States ranked by total gas-tax burden, including state and federal levies.
Source: American Petroleum Institute.
State
Total gas-tax
burden/gallon
New York
62.9 cents
Hawaii
60.1 cents
California
60.0 cents
Illinois
54.6 cents
Connecticut
53.9 cents
Michigan
52.4 cents
3. Nevada
51.9 cents
Wisconsin
51.3 cents
Florida
49.8 cents
Pennsylvania
49.5 cents
Rhode Island
49.4 cents
Washington
49.4 cents
Indiana
48.0 cents
Ohio
46.4 cents
Montana
46.2 cents
Maine
45.8 cents
North Carolina
45.8 cents
West Virginia
45.4 chemical plant mean time between failure cents
Nebraska
44.6 cents
