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Taxes make Chicago gas prices nation's highest
chicagotribune.com ^ | Apr 27, 2011

Posted on 04/27/2011 10:56:47 AM PDT by KeyLargo

chicagotribune.com

Taxes make Chicago gas prices nation's highest

5:51 AM CDT, April 27, 2011

Drivers in Chicago pay more for gas than they do in any other major metropolis in the continental United States. Analysts say that's due largely to a perfect storm of federal, state and local taxes.

The average price for a gallon of gas in Chicago was $4.32 a gallon on Tuesday, according to data from price tracker gasbuddy.com. That's more than what drivers pay in sprawling Los Angeles, where gas averaged $4.22 a gallon, and crowded New York City, where it's $4.20 a gallon.

Indeed, the only major U.S. city with higher prices is Honolulu, where gas must be imported from the mainland or from refiners on other Hawaiian islands. The average price in America's 57th largest city was $4.44 a gallon.

Gas prices have soared this year, driven higher across America as global oil prices spike on worries about political instability in the Middle East and lost supply from war-torn Libya.

Nationwide, gas prices average about $3.87 a gallon, up 26 percent from $3.07 at the beginning of the year, according to motorist group AAA.

But prices in Chicago, the nation's third-largest city, are being inflated by a litany of taxes that add an estimated 60 cents per gallon to the retail price, according to Dave Sykuta, director of the Illinois Petroleum Council, an industry group.

(Excerpt) Read more at chicagotribune.com ...


TOPICS: Business/Economy; Government; Politics/Elections; US: Illinois
KEYWORDS: chicago; fuel; gas; gasprices; prices; pump; taxes

1 posted on 04/27/2011 10:56:53 AM PDT by KeyLargo
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To: KeyLargo
No inflation? Are we that stupid to believe the prince of liars, Obama?
2 posted on 04/27/2011 11:19:05 AM PDT by Armaggedon
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To: KeyLargo
And I thought US$4.07/US gallon at an Arco AM/PM Mini Market station was expensive--and that's in high-priced California!
3 posted on 04/27/2011 11:24:08 AM PDT by RayChuang88 (FairTax: America's economic cure)
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To: KeyLargo

Rahm dead fish, will deal with this...


4 posted on 04/27/2011 11:30:14 AM PDT by JoanneSD
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To: KeyLargo
being inflated by a litany of taxes that add an estimated 60 cents per gallon to the retail price

But, but, but it's those SPECULATORS!

5 posted on 04/27/2011 11:31:56 AM PDT by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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To: KeyLargo

What this article fails to mention is that the greater Chicagoland area is also plagued by toll roads.


6 posted on 04/27/2011 12:42:12 PM PDT by proudpapa
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To: KeyLargo

Not true. Maui $4.77.


7 posted on 04/27/2011 1:34:24 PM PDT by gleneagle
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To: proudpapa

Yes, and the state lied to the taxpayers when the tollway was built saying that once the bonds were paid off the roads would be free. Gee, I think they lied...


8 posted on 04/27/2011 3:33:55 PM PDT by KeyLargo
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To: KeyLargo

Wow, now California has a new goal...have the highest gas in the nation. I am sure that Brown and the democrats will look at this like a challenge and do whatever is necessary to regain the #1 status.


9 posted on 04/27/2011 3:40:47 PM PDT by engrpat (A village in Kenya is missing their idiot...lets send him back)
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