At the Buffalo City Council meeting Tuesday night, State Representative for House District 40, Mike Madden, explained the State Legislature's reasoning behind their controversial raising the state's fuel tax, saying rumors out of Washington, D.C. had suggested they do so to maintain Federal money coming back to the state.
Madden explains further.
According to the Wyoming Taxpayer's Association website, Wyoming has a 13 cents/gallon motor fuel license tax on gasoline and undyed diesel/kerosene/biodiesel, and no tax on dyed diesel/kerosene/biodiesel. There is also an additional license tax of 1 cent/gallon on all fuels that goes to the Leaking Underground Storage Tank account. Finally, there is an 18.4 cents/gallon federal tax on gasoline and a 24.4 cents/gallon federal tax on diesel.
This makes for a total combined tax on gasoline in Wyoming of 32.4 cents/gallon, and a total tax on diesel of 38.4 cents/gallon.
The state's tax on gasoline and diesel will jump from 14 cents to 24 cents per gallon on July 1st of this year.