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Gas Tax Revenue Remains the Same Despite Higher Prices

October 11, 2005
By: Tim Walker
State Capital Bureau

Despite increasing prices, Missouri State Treasurer Sarah Steelman says demand for gasoline has not changed.

Tim Walker has more from Jefferson City.

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Steelman said in her monthly report that revenues from the 17 cent per gallon gas tax rose this year compared to last.

The Director for Policy and Communications for the Treasurer's office, Mark Hughes says people buy gasoline not because they want to, but because they have to.

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"So as a result, the demand for gasoline is comparatively inelastic. The amount people use remains the same even though the price can increase significantly.

Hughes says if prices do get too high the market will decide when alternative fuels are neccecary.

Reporting from the state Capital, I'm Tim Walker.

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Revenues from Missouri's gas tax have not changed despite increased fuel prices.

Tim Walker has more from Jefferson City.

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The State Treasurer's Director of Policy and Communications Mark Hughes says that demand for gas has remained the same and revenues have not decreased.

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"People buy it because they must. It's not a consumer choice. They have to get to work, they have to take their children to school or they have to drive a truck for a living. So the fact that they buy gasoline is based on necessity rather than option."

Missouri collects a 17 cent tax for every gallon of gas sold in the state.

Reporting from the state Capital, I'm Tim Walker.

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Despite increasing prices at the pump, Missouri's gas tax continues to flow.

Tim Walker has more from Jefferson City.

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The State Treasurer's office says revenues from Missouri's gas tax are relatively unchanged from last year.

The Director of Policy and Communications for the State Treasurer's office, Mark Hughes says gas tax revenues are not directly related to increases in gas prices.

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"As a result, you can see a rather significant increase in the price of gasoline but the amount of money the state relieves from the fuel tax is relatively stable because it's based on the number of gallons sold and not the price charged per gallon.

Over the past three months Missourians paid almost 200 million dollars in state gas taxes.

Reporting from the state Capital, I'm Tim Walker.