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The first federal gasoline tax in the United States was created on June 6, 1932, with the enactment of the Revenue Act of 1932, which taxed 1¢/gal (0.3¢/L). Since 1993, the US federal gasoline tax has been unchanged (and not adjusted for inflation of nearly 113 percent through 2023) at 18.4¢/gal (4.86¢/L).
The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. [ 16 ] [ 17 ] 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.
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 ...
The federal gas tax is 18.4 cents per gallon, ... The federal gas tax is 18.4 cents per gallon, but each state also adds a tax per gallon to help pay for road projects.
The average retail price of gasoline was most recently at $3.40 for a regular gallon, up from roughly $2.11 at this time a year ago. The swift increase - 61% over 12 months - has alarmed consumers.
Using data from the Department of Energy, GOBankingRates mapped out a chronology of average gas prices for more than 90 years dating back to 1929, giving all but the very oldest Americans a peek ...
Further transfers of $7 billion and an additional $19.5 billion were made in 2009 and 2010, respectively. [6] Since 2000, there have been at least half a dozen attempts by individual members of Congress to suspend the federal gas tax, without which (and without a replacement) would have halted efforts to repair and expand the Federal highway ...
WASHINGTON - With gas prices at their lowest in years, Senator Bob Corker (R-Tenn.) is proposing a gas tax hike. The current federal gas tax is 18.4 cents per gallon and has not been raised since ...