THE ANTICIPATED EFFECTS OF THE GASOLINE SHORTAGE ON THE FEDERAL HIGHWAY TRUST FUND
Reasons for the gasoline and special fuels sales figures are analyzed. Federal Highway Trust Fund revenue items, their tax rates and the amount of revenue produced are reviewed, and the operation of the trust fund is described. The effects of the petroleum shortage on future revenues are also discussed. Greater travel, more motor vehicle registrations and domestic supplies which could not meet the increased demand have contributed to the gasoline shortage. Petroleum consumption in 1973 was 114.4 billion gallons, a 5 percent increase over 1972, and 1 percent less than estimated figures. The Highway Trust Fund receives all of the revenue from 3 different types of excise; users, retailers and manufactures. Comments are made on each type, and the effects of the gasoline shortage on such tax. The future of the highway trust fund are discussed.
- Presented at the State/Federal Financial Management Conference-Region 3, Harrisburg, Pennsylvania.
Washington, DC United States 20590
- Ullman, J
- Publication Date: 1975-10-2
- Features: Tables;
- Pagination: 12 p.
- TRT Terms: Fuel consumption; Fuels; Gasoline; Highway user taxation; Manufacturing; Retail trade; Revenues; Sales; Taxation
- Identifier Terms: Highway Trust Fund
- Subject Areas: Economics; Energy; Finance; Highways; Research; Society;
- Accession Number: 00141062
- Record Type: Publication
- Contract Numbers: HPR-40
- Files: TRIS, USDOT
- Created Date: Oct 6 1976 12:00AM