Illinois is eighth in the nation for most expensive gas, and reduced oil production in May could drive prices even higher. It all means more taxes for the state.
Plenty of Illinoisans will be on the road this holiday season, with record-high travel across the nation. Filling up for the trip is pricey in Illinois and will get even pricier after Jan. 1.
A bill in Springfield proposes delaying the Jan. 1 state gas tax hike. If it fails, drivers will see two gas tax hikes in 2023, expected to take the tax to over 45 cents a gallon.
AAA predicts nearly 55 million people will travel for Thanksgiving this year, only 2% less than Thanksgiving travel in 2019. Illinoisans hitting the road should try to fill up in other states.
Drivers are now paying $35 more to fill-up on regular gasoline and $65 more for diesel than they were a year ago. Gas taxes eat more than one-fifth of every tank.
Independence Day travel will return to pre-pandemic levels this weekend, reminding Illinoisans they pay the most for gas in the Midwest thanks to high taxes.
President Biden will call on Congress to suspend the federal gasoline and diesel tax for three months. Instead of suspending it, Gov J.B. Pritzker delayed the next motor fuel tax hike until after the election, hitting Illinois drivers with two hikes in 2023.
Illinois’ record-high fuel prices mean consumers pay more for everyday items. Pritzker’s 2019 doubling of gas, diesel, and natural gas taxes are partly to blame.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.