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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.
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 national average for regular driving fuel now sits at $3.20 per gallon, according to AAA data. The last time gas prices were this low in 2023 was on Jan. 1, at $3.21.
Similar regional differences in prices are present with the December 2015 EIA figure for the East Coast at $2.67 per gallon and the Midwest at $1.43 per gallon. [62] As of August 2018, the average US propane retail cost was approximately $2.48 per gallon. The wholesale price of propane in the U.S. always drops in the summer as most homes do not ...
In August 2023, the average per gallon was $3.83, according to AAA. As of Nov. 3, 2023, the current average gas price is $3.44 per gallon in the United States. Highest Gas Prices in the US
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 gasoline and 29.81 cents to diesel for a total US average fuel tax of 48.18 ...
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