The Secret Link Between High Gas Prices and Lower Taxes

America is a country of drivers. In fact, the average vehicle in the US is driven 15,000 per year. It’s no wonder that gas prices substantially impact our spending habits! Although no one wants to pay more money for gas, we’ve found a link between higher gas prices and lower taxes. Check out our infographic to learn more!

Many of us remember the days when gas cost under $2 per gallon — hey, some of us even remember when it was under $1! Needless to say, times have changed. Today, the lowest gas price you’re likely to find at any pump in the United States is just over $3.

The USA has the third highest number of vehicles per capita, falling behind tiny countries San Marino and Monaco, so the amount of money we spend to power those vehicles is an astronomical figure. But did you ever think there might be an upside to spending more money on gas? We’re here to tell you there is!

Need to track mileage for tax deductions or reimbursement? Check out the new Shoeboxed Receipt Tracker app, which is available as a free download for iOS and Android.

Check out our latest infographic below to find the secret link between high gas prices and lower taxes.

High Gas Prices and Lower Taxes Infographic by Shoeboxed

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Receipts Get Political

Receipts are often annoying, but they can be a powerful force in the world. They are important records of our daily lives, and they play a role in many parts of our lives, including politics.

Apparently, to drive the point home about gas prices to Nancy Pelosi, the Speaker of the House of Representatives, a Cincinnati Congressman hand-delivered some of his constituents’ gas receipts to her on the House floor.

Cincinnati Congressman Steve Chabot (R-OH) gave dozens of gas receipts from Cincinnati drivers to Speaker of the House Nancy Pelosi (D-CA).

Todd Lindgren, a spokesperson for Chabot said the Congressman has been looking for the Speaker for a couple of days.  He spotted her on the House floor Thursday and hand delivered the receipts and a letter.

Last week, Chabot started asking constituents to send him copies of gas receipts.  Lindgren said Chabot is trying to get Pelosi to act on any legislation that will reduce gas prices.

Want proof of what you’re paying? Look at your receipts. Want permanent receipts? Scan them in and store them at Shoeboxed.