Illinois prices and inflation

Public Act 104-0468 kept the existing Illinois gasoline motor-fuel tax rate in place from July through December 2026 instead of applying the scheduled July inflation adjustment. The tax is included in retail prices throughout Illinois, including the Chicago survey area, but the law alone does not explain the displayed August 2026 market price.

Retained Illinois evidence context: Chicago-area regular gasoline price. This record’s connection to the topic does not establish an effect on the measured result.

The enacted amendment provides that the pause in the Motor Fuel Tax Law increase applies until January 1, 2027.

The governor’s June 16 budget-package signing announcement included this motor-fuel tax provision. Article 15 of Public Act 104-0468 paused the annual CPI adjustment to covered Illinois motor-fuel tax rates for the period beginning July 1, 2026 and ending January 1, 2027. The underlying motor-fuel tax remained in place. This provision pauses the inflation adjustment. It does not suspend all fuel taxes or establish lower pump prices, lower inflation or actual revenue effects. Other provisions of the omnibus act require separate review.

Retained Illinois evidence context: Energy · reviewed policy context. This record’s connection to the topic does not establish an effect on the measured result.

except for the time period beginning July 1, 2026, and ending on January 1, 2027,

The pending Senate bill would set specified use and occupation taxes on motor fuel and gasohol at 1.25% for July through December 2026. Those taxes are retail-price components in the Chicago market, but the proposal remained in Senate Assignments.

Retained Illinois evidence context: Chicago-area regular gasoline price. This record’s connection to the topic does not establish an effect on the measured result.

From July 1 through December 31, 2026, specified use and occupation taxes on motor fuel and gasohol would be imposed at 1.25%.

The pending House bill contains the same temporary 1.25% use and occupation tax proposal for motor fuel and gasohol as SB 4205. It directly addresses taxes included in pump prices but remained in the House Rules Committee.

Retained Illinois evidence context: Chicago-area regular gasoline price. This record’s connection to the topic does not establish an effect on the measured result.

The House bill would impose specified use and occupation taxes on motor fuel and gasohol at 1.25% from July through December 2026.

The official record directly addresses wages, income support, employment services, apprenticeships, or workforce development. It does not establish an effect on Illinois's median household income.

Retained Illinois evidence context: Median household income. This record’s connection to the topic does not establish an effect on the measured result.

In a provision setting forth the specified household income eligibility limits used to determine eligibility for reduced vehicle registration fees and free transit services, provides that the Department on Aging shall (rather than may) adopt rules such that on January 1, 2026, and thereafter, the specified household income eligibility limits shall be changed to reflect the annual cost of living adjustment in Social Security and Supplemental Security Income benefits.

The pending bill would prevent the July 1, 2026 CPI-based motor-fuel tax increase. That would change a tax component included in Chicago-area pump prices, but this bill remained in Senate Assignments and was not the vehicle ultimately enacted.

Retained Illinois evidence context: Chicago-area regular gasoline price. This record’s connection to the topic does not establish an effect on the measured result.

The bill provides that the July 1, 2026 motor-fuel tax increase based on the Consumer Price Index shall not occur.