Professional, Polite, Prepared to Kill

Truth In Politics: Illinois Gas Prices And Taxes

CHICAGO (CBS) ― Tired of seeing the price at the pump jump every time you need to buy gasoline? Well, the record-high price of gasoline in the Chicago area is linked to a record-high rate of taxation: nearly 20 percent of the Chicago price.

As CBS 2 Political Editor Mike Flannery reports, tax refugees wait in long lines on Indianapolis Boulevard in Northwest Indiana. They jockey for position at a pump, lured by prices that are 20 cents a gallon or more cheaper than just a few blocks away back in Illinois.

“It was $4.20. I can come over here and get it for $3.93,” said Tikvah Wadley, one of the many fleeing Illinois taxes.

Illinois Sen. Dick Durbin complained to oil company bosses at a hearing on Capitol Hill about Chicago having the highest gasoline prices in the United States. Largely ignored was the role taxes are playing — an astounding 10 levels of taxation. More from CBS2Chicago

Ironic isn’t it? Senator Durbin badgering oil company execs when his own state has the highest gas tax in the country. I’m sure he won’t be trying to cut into the tax revenue….


May 23, 2008 - Posted by | economy, trucking | , ,

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