I don't think we're going to see a huge spike, but we'll probably end up in the low-mid $3 range.

It'll kind of suck for me, I get about 13-14 MPG in the city and 17-21 on the highway.....but my truck will be paid off in May and i won't have a payment anymore...so i'm not in any budgetary concern.

 

I don't know the exact figure, but here in TN after a certain (significant) amount it goes down to 7%. For a car I'd pay 7%.

I paid the 9.75%, $300 in sales tax for recent TV purchase....ouch.

 

Sales tax in IL ranges from 8.5-11%, It's 10.0% where I'm at. Plus a 5% income tax. Plus the second highest property taxes in the nation (behind New Jersey). The most expensive toll road in the country (21 cents per mile with a toll tag, double that without) passes through my town. And the state is still completely broke.

But hey, at least our gas tax is only 21 cents/gallon.....

 

Thank you for reply, but no. In this case they aren't really linked to the problem. We have some strange inertia going on with our fuel prices. They go up extremely quick in a "market increase price scenario". But tend to stabalize on the high price and not come back when a low price scenario occurs, even on all time lows. This has nothing to do with the taxes that we all approved and voted for, and help us having high quality roads beeing financed directly by those using them. This is another kind of animal. A little bit like the germans, when they suddenly had price increases when the prices where falling down. At first, they where told it was because the RHEIN was low and the petrol couldn't be brought to the country. But they also increased the russian oil coming via pipelines... and then the RHEIN got fine, and the prices stayed high.

It's a very european thing to do, and I was always curious if the US could meet the same fate a near future.

 

the US has an enormous refining capacity. Living in Houston I'm very close to the refining center of the US. The US is actually exporting gasoline now because the refining capacity is lacking overseas. Gasoline prices have always been stable and not subject to huge swings or surprise shortages like in other parts of the country.

 

 

 

Great catch here on taxes at the pump. PA is among the highest. This was done in a very sneaky way when gas prices were starting to bottom. It goes a long way to helping PA pay for road repairs and balancing the state budget too. I am not surprised that many states have not caught on to this.

 

who knows, anyonne who wants to buy it. Seems like Mexico buys a lot of it

https://www.reuters.com/article/us-u...-idUSKBN1O51X7

https://www.washingtonexaminer.com/p...it-new-records

 

The state shouldn't have to pay for some of the road repairs. Utility companies cause many of the problems by cutting up the pavement to reach underground water, sewer, electric, gas lines, etc... and then not repairing or repaving the affected area or steel plates properly. IMO it is their job to do it correctly...or be fined by the state to cover the cost of redoing the repavement if they don't do it correctly....which, much of the time, they don't.

 

I hear people can't afford to move out of IL bc house values have plummeted so much due to the high taxes, and people are underwater on their homes. Yikes.

Can't believe you pay more in sales tax than I do in TN.

 

I could be wrong but PA has the highest gas taxes in the nation? Yet, isn't our fuel around 80 cents less per gal than some places such as Seattle? It's a game. Let's accept that on one side of the river, NJ, gasoline is 30 cents cheaper, than the other side, Phila.

When NJ raised the tax by 24 cents, what would you expect to see? The gap shrink to 6 cents?

I expected the gap to stay at 30 cents, which is what happened.

When NJ raised it another 4 cents, once again, 30 cent delta.

It's a market.

I never thought in my lifetime, that I would see gasoline to be cheaper in Connecticut, than NJ.

 

We have relatives that live in Winnetka. I acquired these relatives through marriage. So I said to one of the husbands (wife's aunt's husband who is barely 6 yrs. older), man, I saw your average SAT scores online, pretty impressive for a public school, awesome job they do (New Trier).

He pointed out it's not actually solely the school system, it's the fact that the average parents there spend $200/hr on SAT tutors. And I thought, ah, good point.

I had a colleague from the other side, near I wanna say Oak Brook. He told me his property tax on a 400k house, and I nearly spit out the coffee I was drinking. I wanna almost say that in NJ, where we accept property taxes are unreasonable, a home would have to be maybe 2.5X to have that amount in property tax.

 

Home values plummeted here in 2008/9 like everywhere else, but have more than recovered. I'm sure there are some people who are still underwater (as there likely are nationwide), but it's not an epidemic. Certainly not to any sort of level that would have prevented IL from being the state with the largest net decrease in population for the past two years. Many people are leaving because they can't afford to stay, I don't think there are many that are staying because they can't afford to leave.



In Cook County, where I live, median home prices increased by 2.4% last year, and are expected to increase by another 2.6% this year: https://www.zillow.com/cook-county-il/home-values/