WHAT'S THE FORMULA?

December 17, 2005 

* Part of the tax is a 17.5-cent flat tax per gallon.

* Add either 3.5 cents per gallon, or 7 percent of the average wholesale price for a designated six-month period, whichever is greater.

In this case, it's the six-month period that ended Sept. 30. The average wholesale price was $1.7755, and the tax is 12.4 cents.

* Total tax, beginning Jan. 1: 29.9 cents per gallon.

News & Observer is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service