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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.
Retail markup over crude oil and wholesale gasoline, 2014–2019 Oil, gas, and diesel prices RBOB Gasoline Prices. In 2008, a report by Cambridge Energy Research Associates stated that 2007 had been the year of peak gasoline usage in the United States, and that record energy prices would cause an "enduring shift" in energy consumption practices. [6]
Due to the higher density, diesel fuel offers a higher volumetric energy density: the density of EN 590 diesel fuel is defined as 0.820 to 0.845 kg/L (6.84 to 7.05 lb/US gal) at 15 °C (59 °F), about 9.0-13.9% more than EN 228 gasoline (petrol)'s 0.720–0.775 kg/L (6.01–6.47 lb/US gal) at 15 °C, which should be put into consideration when ...
Diesel prices have risen to their highest levels since March and are showing no immediate signs of easing their upward trend. The national price of diesel was at $4.38 per gallon as of Monday, $0. ...
Gas prices within the last 10 years highlight how volatile the market can be. When looking at historical data, gas prices were the same in 2011 as they were in 2023 — $3.52 per gallon.
The gas tax is critical to funding the nation's highway maintenance, but as the holidays near and the days get shorter, consumers are looking for a fast solution to diesel prices.
By 1929, all existing 48 states had enacted some sort of gas tax. [28] Today, fuel taxes in the United States vary by state. The United States federal excise tax on gasoline is 18.4 cents per US gallon (4.9 ¢/L) and 24.4 cents per US gallon (6.4 ¢/L) for diesel fuel. On average, as of July 2016, state and local taxes add 29.78 cents to ...
Gas prices are now 22% below their peak, but diesel is just 8% lower. On a year-over-year basis, gas prices are up 15% while diesel is up 43%. High diesel prices are a kind of hidden inflation ...