July 1: Virginia's gasoline tax drops today (Richmond Times-Dispatch)

July 5, 2013

Virginia’s gas tax goes down today, though motorists may not notice it for a while in the pump price.

Starting today, the tax rate for gasoline will be 11.1 cents a gallon, based on 3.5 percent of the statewide average wholesale price for a gallon of gasoline.

Virginia had been levying a tax of 17.5 cents per gallon on all fuels used in highway vehicles. That per-gallon tax has been eliminated in favor of the percentage tax...

Full Article