These two stories cite an unfortunate truth about the uncompetitiveness of Connecticut’s retailers against their counterparts in neighboring states – and the inevitable result. People with the choice will not shop in Connecticut when they have the option of simply crossing the border for lower prices.
- Mass. stores welcome Conn. tax hike http://www.lowellsun.com/rss/ci_17914556?source=rss#ixzz1KYTOwZxj
- Drivers travel to Mass. for cheaper gas http://www.wtnh.com/dpp/news/connecticut/drivers-travel-to-mass.-for-cheap-gas?ref=scroller&categoryId=10001&status=true
Here are the facts:
Connecticut’s state gasoline taxes now equal about 50c per gallon – while in Massachusetts the state taxes equal 23.5c a gallon, 26.5c a gallon cheaper. In Rhode Island, the state taxes equal 33c a gallon – 17c a gallon cheaper. Drivers will shop around town for 2c or 3c less expensive gas so it means along our orders with Massachusetts and Rhode Island we see Connecticut retailers losing a tremendous amount of business and if they bypass a Connecticut retailer for gasoline sales that means Connecticut misses out on sales tax and cigarette tax revenue as well to those neighboring states.
Connecticut State Gas Taxes – 50c
Massachusetts State Gas Taxes – 23.5c
Rhode Island State Gas Taxes – 33c
Compare taxes and prices in the Northeast > http://icpa.org/consumer_motor.htm Connecticut has the highest gasoline taxes in the region right now – BEFORE Hartford adds another 3c a gallon in the new budget deal.