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The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. [1] [2] Proceeds from the tax partly support the Highway Trust Fund. The federal tax was last raised on October 1, 1993, and is not indexed to inflation, which increased 111% from Oct. 1993 until Dec. 2023.
Much of this discount can be attributed to various government subsidies, and, at least in the United States, the elimination of state taxes that typically apply to gasoline and can amount to 47 cents, or more, per gallon of fuel. The US federal tax exemption that keeps ethanol economically competitive with petroleum fuel products is due to ...
Since the 1980s until 2011, domestic ethanol producers were protected by a 54-cent per gallon import tariff, mainly intended to curb Brazilian sugarcane ethanol imports. Beginning in 2004 blenders of transportation fuel received a tax credit for each gallon of ethanol they mix with gasoline.
The Highway Trust Fund is a transportation fund in the United States which receives money from a federal fuel tax of 18.4 cents per gallon on gasoline and 24.4 cents per gallon of diesel fuel and related excise taxes. [2]
Inflation-weary Ohio drivers are paying the lowest prices of the year for gasolines with prices falling below $2.60 at some central Ohio gas stations.
Picture showing E0 100% gasoline at $1/gallon more than E10 Regular Unleaded. At this same Saugatuck, MI Shell station, E85 was an additional $1/gallon below regular ($2/gallon below ethanol-free Rec-90). As debate has ensued over ethanol blending in gasolines, ethanol-free has popped up in a number of states marketed as Rec-90 Recreational ...
The legislation outlines a new tax refund that would be in effect from 2025 to 2030. Fuel tax refund to incentivize higher ethanol blends passes South Dakota Senate Skip to main content
The pipeline project is expected to benefit from huge federal incentives in the form of tax credits that go to the ethanol plant or to the pipeline developer. ... of 20 cents per gallon of ethanol ...