Iowa State University Economist Breaks Down Proposed Gas Tax Increase
AMES, Iowa - An Iowa State University economist has studied what a proposed ten-cent gas tax increase would cost drivers in Iowa. Dave Swenson is an Associate Scientist in Economics at Iowa State University. Swenson calculates that with the dime increase a person drives 30,000 miles in a year, in a vehicle getting 25 miles per gallon, it would cost $80 a year. If you drive a truck or vehicle that gets about 10 miles per gallon, driving 30,000 miles, the increase would be $300 per year.