Missouri drivers are sure to see an increase at the gas pumps next month. Governor Mike Parson signed Senate Bill 262 into law last July, which has a provision which will raise the tax on gasoline starting Friday, Oct. 1.
The money gained by the increase in the tax will go to improving the state’s transportation and roads infrastructure.
Currently, Missouri drivers pay 17 cents per gallon, which is the second lowest in the United Sates. The bill will increase the tax by 2.5 cents per year for the next five years, for a total of 12.5 cents by 2025.
Now 17.4 cents per gallon, will go to 19.9 cents starting in October.
Prior to the implementation of the new fuel tax, the state of Missouri was among six U.S. states with a gasoline tax of less than 20 cents per gallon. When the new gasoline tax is fully implemented in July 2025, the tax per gallon will be 29.9 cents per gallon, and Missouri will be one of 24 states with a gasoline tax of less than 30 cents per gallon, provided none of those other states raise their per gallon fuel tax.
The lowest per gallon gasoline tax is in Alaska, at 8.95 cents per gallon while the highest in the nation is Pennsylvania (57.6), followed by California (55.5) and New Jersey (50.4), according to the Federation of Tax Administrators.