Problem 2 - Population of State of Georgia has increased from 10.3 million in 2016 to 10.52 million in 2018. The average ownership of 1.1 passenger cars per person each driven an average of 12.000 mi/year, at an average fuel economy of 24 mi gal or gasoline (mpel has not changed from year 2016 to year 2018 Georgia Department of Revenue has provided average retail sales prices (See Table 1) as well sales taxes (See Table 2) for different petroleum products. Calculate the percentage of increase in revenue generated due to increasing the fuel tax from year 2016 to year 2018. This additional revenue will be available to improve the state of Georgia highway system. Table 1 - Average retail sale prices per gallon for different petroleum products Effective Gasoline Diesel Date Aviation Gasoline Liquefied Petroleum Gas Special Fuel & Compressed Petroleum Gas 7/1/2019 2.106 2.663 3.000 2.330 1/1/2019 2.448 2.917 3.000 2.420 1954 7/1/2018 2. 3.000 3.000 3.000 1/1/2018 1.94 7/1/2017 1.068 2.061 1.931 3.000 1/1/2017 1.062 18:36 3.000 7/1/2016 2.011 3.000 1.954 1.717 1/1/2016 Table 2 - Sales taxes per gallon in State of Georgia for different petroleum products Effective Date Gasoline Diesel Aviation Liquefied Gasoline Petroleum Gas Special Fuel & Compressed Petroleum Gas 0.275 0.010 0.308 0.275 0.275 1/1/2019 0.268 0.268 0.300 0.10 0.268 1/1/2018 0.10 0.263 0.263 1/1/2017 0.263 0.26 0.26 0.26 7/1/2016