Gas Prices could see an increase in New Mexico - KSWO, Lawton, OK- Wichita Falls, TX: News, Weather, Sports. ABC, 24/7, Telemundo -

Gas Prices could see an increase in New Mexico

Posted: Updated:

You may be paying more at the pump in New Mexico, all in an effort to help fund roadway projects.

Tax on gasoline and diesel in New Mexico could see a five cent increase to help finance highway construction projects in the Land of Enchantment.

Representative Roberto Gonzales sponsored a bill that would raise gasoline tax from 17 cents to 22 cents a gallon. The tax increase would last through June 2024, and then would drop back down to 17 cents after that point.

The special fuels tax on diesel would go to 26 cents a gallon for the same 10 year period. Diesel tax is currently at 21 center per gallon.

The increase would give the state $300 million in bond revenue for major highway improvements.

Some projects that have already been improved would be widening I-25 and U.S. 491.

  • Local NewsLocal NewsMore>>

  • SkyWARN 7 Forecast

    SkyWARN 7 Forecast

    Wednesday, April 23 2014 4:51 AM EDT2014-04-23 08:51:14 GMT
    Scattered Severe Storms Later Today.
    Scattered Severe Storms Later Today.
  • Pair of homes raided by Comanche Co. Sheriff's Department

    Pair of homes raided by Comanche Co. Sheriff's Department

    Wednesday, April 23 2014 12:55 AM EDT2014-04-23 04:55:42 GMT
    Two Lawton homes were raided by the Comanche Co. Sheriff’s Department Tuesday.
    Two Lawton homes were raided by the Comanche Co. Sheriff’s Department Tuesday.
  • City pays settlement to former LPD chief and officer

    City pays settlement to former LPD chief and officer

    Wednesday, April 23 2014 12:35 AM EDT2014-04-23 04:35:58 GMT
    News- LPDNews- LPD
    The Lawton City Council approved a financial settlement in lawsuits filed by former police chief, Ronnie Smith, and former police officer, Robert Puccino Jr., for wrongful termination.  
    The Lawton City Council approved a financial settlement in lawsuits filed by former police chief, Ronnie Smith, and former police officer, Robert Puccino Jr., for wrongful termination.  
Powered by WorldNow
KSWO-TV, 1401 SE 60th Street
Lawton, OK 73501

Telephone: (580) 355-7000
Fax: (580) 357-3811
Email: news@kswo.com

All content © Copyright 2000 - 2014 Worldnow and KSWO. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.