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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 largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
From California’s statewide average of $5.89 per gallon in September, the average price for a gallon of regular gas dropped more than a dollar (to $4.62) by t he end of the year.
The closure is likely to increase California's already high prices at the gas pump, given that much of the replacement gasoline will be shipped in by ocean vessel, analysts say.
$4.50, maybe $4.25. That’s how low a regular gallon of gasoline could cost in California by the end of the year, said Patrick De Haan, head of petroleum analysis at GasBuddy, which tracks price ...
Grade 2 diesel fuel is available with 2 different sulfur levels depending on the population density of the location where it is retailed. Grade 3 diesel fuel, also known as GASOIL ULTRA, is the highest quality diesel fuel and is supposed to be available starting February 1, 2006. Sale of Grade 3 diesel at retail outlets is optional until 2008.
93 is widely available in the Chicago area. Elsewhere in Illinois, 93 is offered at Shell and select other stations. Many fuel stations now offer an 88-octane fuel blend that is 15% ethanol, suitable for use in some gasoline-powered automobiles from model year 2001 and newer. Indiana: 87 89 93 Iowa: 87 89 91
Gas prices have been on the rise nationwide, but for California drivers, they've skyrocketed in a short amount of time.. The Golden State's average at the pump surged by $0.23 to $5.27 per gallon ...