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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.
As of 25 May 2016, a truck could cost US$100,000, while the diesel fuel cost could be $70,000 per year. [25] Trucks average from 4 to 8 miles per US gallon (59 to 29 L/100 km), with fuel economy standards requiring better than 7 miles per US gallon (34 L/100 km) efficiency by 2014. [26]
For example, from May 2022 to June 2022 the average cost of gas increased by $0.88 per gallon. Data below from the U.S. Energy Administration show fuel costs from 2011 to 2023. Average price per ...
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.
Montana: Montanans are enjoying sub-$4 gas — $3.95, to be exact — as they have since one month ago when the price was $4.02 per gallon. Gas never hit $5 there, peaking at $4.98 on June 19.
The miles per gallon equivalent cost of an alternative fuel vehicle can be calculated by a simple formula to directly compare the MPG operating costs (rather than the energy consumption of MPGe [7]) with traditional vehicles since the cost of resources varies substantially from region to region. [5] [4] For reference, the complete equation is:
Around the same time gas hit $5, diesel hit a record high of $5.81 per gallon. 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 ...
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 ...