Gas prices

How much is my state gas tax?

gas-pumps

The smartest college students in Boston know that on the way back from a ski trip, you’ve got to stop at the liquor store to pick up supplies before you cross the border back into Massachusetts. That’s because New Hampshire has no alcohol tax, whereas Massachusetts takes $4.05 per gallon in taxes from the sale of the standard volume spirits with 40% alcohol.

It turns out that the same discrepancies exist for fuel taxes. In addition to the federal tax of 18.4 cents per gallon (CPG) for gasoline, each state issues unique taxes and fees which are compounded with federal rate.

These additional costs vary significantly across state lines. On the low end, Alaska collects 12.4 CPG for gasoline on top of the federal tax. On the high end, New York collects 50.5 CPG.

state-gas-tax-infographic-2014-mojo-motors

In this study, we’ve taken the federal tax out of the equation in order to analyze patterns and differences in state fuel taxes. Like so many “cost of living” heat maps, the discrepancy between the coasts and the interior of the US is striking. The four most expensive states to live in, according to CNBC, are New York, California, Connecticut and Hawaii. These are also the four states with the highest taxes on gasoline. Fun fact: the fifth most expensive state to live in, Alaska, has the cheapest gasoline taxes. Drill baby, drill! [keep reading]

Are You Overpaying For Your Hybrid? (Motley Fool)

motley-fool-logoArticle by Bret Kenwell for The Motley Fool

Lately, gasoline prices have been headed in a favorable direction: Down. But over the last several years — especially in states like California and New York — we’ve seen gas prices walk a line that many U.S. drivers have found angering and nearly unacceptable. In order to counter the effects of higher gasoline prices, automakers have introduced hybrid technology. But is it worth it? Do drivers of hybrid vehicles really benefit from this added technology? The folks at MojoMotors.com, a website designed to track vehicles and price drops at car dealerships, shed some light on how far customers have to drive in order to recoup the premium paid for the hybrid option rather than the standard model.  [keep reading]

How do gas prices affect hybrid cars?

We already let you find out if buying a hybrid car is worth it and it got us thinking. Hybrid technology has been available for decades but it wasn’t until gas prices spiked in the mid 2000’s that they really grew in popularity. Despite becoming more popular on roadways, hybrids have yet to dominate American engine bays like the internal combustion engine. Why is that? Is it their asking price which can be 20% higher than a non-hybrid? Is it fluctuating gas prices?

Ford Badge Logo

We wanted to find out. Using monthly data from January 2013 through June 2014, we tracked the ‘Follows’ on hybrids and other vehicles received as a percentage of total follows on Mojo Motors. We used follows as the metric for activity since shoppers that follow cars want alerts when dealers drop prices. [keep reading]