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Energy Legislation and Gasoline Tax Revenue

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  • Wayne K. Talley

    (Old Dominion University)

  • Stanley E. Warner JR

    (Old Dominion University)

Abstract

This article investigates the impact of changes in highway gasoline tax rates and gasoline efficiency on U.S. gasoline tax revenue, using a simultaneous equation model which incorporates highway mileage as one determinant of travel volume (hence user revenues) and travel volume (through highway trust fund revenues) as one determinant of highway mileage. The article concludes that: (1) a one-cent per gallon increase in the gasoline tax would be expected to increase annual gasoline tax revenues by $1.06 billion and (2) an increase in gasoline efficiency of one mile per gallon would be expected to decrease the annual gasoline tax revenue by $1.02 billion. The net effect of these two changes would thus be expected to result in a negligible increase in gasoline tax revenue.

Suggested Citation

  • Wayne K. Talley & Stanley E. Warner JR, 1981. "Energy Legislation and Gasoline Tax Revenue," Public Finance Review, , vol. 9(1), pages 35-46, January.
    • Handle: RePEc:sae:pubfin:v:9:y:1981:i:1:p:35-46
    DOI: 10.1177/109114218100900103
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    References listed on IDEAS

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    1. Davis, E G & Olson, J E, 1975. "A Model of a Highway System Financed by a Trust Fund," American Economic Review, American Economic Association, vol. 65(4), pages 756-758, September.
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