Typically I get some back every quarter because we usually over purchase in Idaho. This last quarter though I had to pay a whopping 24 cents!
Where is everyone #5
Discussion in 'Flatbed Trucking Forum' started by DDlighttruck, Aug 27, 2017.
Page 11016 of 22068
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Thanks gents much appreciated !
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Like Oxbow said, take the pump price and subtract that states fuel tax. Buy fuel at the lowest ex-tax price. Idea is to get the fuel at the lowest cost, which is not always the pump price. You're gonna pay the same in taxes regardless of where you buy or when you pay.
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I don't really look at as when to pay it, but what price I'm actually paying for the fuel less the state tax.
I remember figuring this out right after I got my own authority in the 80s. Prior to then I was leased to a company, and they did the filing and then back- charged us what we owed.
Anyway, at the time I was always looking for the cheapest fuel without taking into account the added state tax. At that time Wyoming was like 8 cents per gallon and Nebraska was maybe 27 cents. After it dawned on me that I would get credit for the excess tax paid in one state toward another I would carry the state fuel tax sheet with me and subtract that state's tax from the pump price in order to compare the actual price of fuel. It was often cheaper to buy the more expensive fuel in Nebraska than the cheaper Wyoming fuel, after subtracting the state fuel tax. -
@PoleCrusher said it better!
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And now with my fuel card I can just automatically pull up every fuel stop in an area or on a route, and it will show the pump price, my price, and my ex-tax price. Don't even have to get the calculator out.
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Yes Food, always good food.
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Priorities! Glad ya got them in line.
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