RALEIGH, North Carolina — The price at the pump keeps falling, but motorists in North Carolina will see the gasoline tax increase slightly Jan. 1.
The Department of Revenue announced Monday the state motor fuels tax for the first half of 2015 will be 37.5 cents per gallon, compared to 36.5 cents today.
The motor fuels tax is adjusted twice a year based in part on the six-month average wholesale price of gasoline and diesel fuel. The latest six-month period ended Sept. 30, before the latest gas price decline took full effect. The new six-month average is 17 cents higher than the previous period.
The legislature in 2013 mandated the motor fuels tax rate could go no higher than 37.5 cents. That cap expires this coming June 30.
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