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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 ...
In January 2022, Florida governor Ron DeSantis proposed a $1 billion gas tax holiday to counter inflation. The proposed policy would have occurred between July 1, 2022, and November 30, 2022. [ 7 ] The final legislation resulted instead in a one-month gas tax holiday for October 2022. [ 8 ]
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Gas in Maryland is currently $0.44 lower per gallon compared to the national average after its $0.36 gas tax was suspended on March 18 for 30 days, and gas in Georgia is nearly $0.30 lower per ...
Here are the 10 states that charge drivers the lowest gas tax, and how much they charge per gallon of unleaded gas: Alaska: $0.09. Hawaii: $0.16. New Mexico: $0.17. Arizona: $0.18. Mississippi: $0 ...
As of 2011, blenders received a US$0.45 per gallon tax credit, regardless of feedstock; small producers received an additional US$0.10 on the first 15 million US gallons; and producers of cellulosic ethanol received credits up to US$1.01. Tax credits to promote the production and consumption of biofuels date to the 1970s.
The current national gas price average is $3.62 per gallon. The average cost of gas has decreased 15% in the last two years, from when it was $4.27 per gallon. The highest recorded average price ...