Friday, June 30, 2017

S.C. gas still some of the cheapest in the nation after tax increase on July 1

The first of six two-cent annual increases

Posted by Sam Spence on Fri, Jun 30, 2017 at 4:33 PM

  • Flickr user lundgrenphotography
South Carolina's state gas tax increases by two cents on Sat. July 1, the first of six two-cent bumps phased in by road-improvement legislation passed by the General Assembly this year.

But the Palmetto State will still have the nation's cheapest gas unless prices drop by a few cents in the next-cheapest states and stay the same or go up here. According to Gas Buddy, South Carolina gas prices are averaging $1.90 per gallon today, a nickel cheaper than Alabama and Oklahoma.

The two-cent increase comes ahead of a big travel weekend as some 580,000 South Carolinians will drive 50-plus miles between today and July 4, according to AAA.
Gov. Henry McMaster initially vetoed the 12-cent gas tax increase, saying he didn't trust SCDOT to spend the money wisely and that savings could have been found elsewhere. The legislature easily overrode the veto to help tackle what transportation officials referred to as an "infrastructure crisis."

In addition to the gas tax increase, the state's car sales tax cap will go up by two-thirds to $500, and new South Carolina resident car registrations will include a $250 one-time fee.

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