Annual Recalculation Cuts W.Va. Gas Tax By Penny
Motorists will get a break on gasoline prices in West Virginia thanks to an annual tax recalculation.
Beginning Jan. 1, the state's tax for conventional motor fuels will drop about a penny per gallon from 35.7 cents to 34.6 cents.
Deputy revenue secretary Mark Muchow tells the Charleston Daily Mail that the decrease will save motorists more than $15 million compared to what they are paying this year.
The state Tax Department is required by law to recalculate the average wholesale price of motor fuels in the state every year. Conventional motor fuels include gasoline, kerosene and diesel.
The variable tax is one of the state gas tax's three components. The tax also includes a flat state rate and a flat federal tax.