On July 1 of this year, the state tax on gasoline and diesel fuel in Wyoming will jump from 14 cents a gallon to 24 cents. The last time the fuel tax was raised in Wyoming was 1998. Representative Mike Madden explains why legislators felt that the tax hike was needed.
The increase is estimated to generate over $70 million for the 2014 fiscal year, with the majority of the funds dedicated to the state's highways. State estimates show that a typical Wyoming family can expect to pay a little over $100 extra at the pump annually.