EIA: average state tax rates for retail gasoline and diesel fuel flat since January 2024
Published by Poppy Clements,
Assistant Editor
Hydrocarbon Engineering,
Although the national average tax rates were nearly flat, several states saw changes. Gasoline taxes decreased in three states, with Kentucky having the largest decrease, falling US$0.023 to US$0.2780/gal. Gasoline taxes increased in nine states, with Indiana having the largest increase of US$0.044 to US$0.5610/gal.
Diesel fuel taxes decreased in four states, with California’s tax decrease of US$0.0420 being the largest. Diesel taxes increased in eight states, with the largest increase in Colorado, which rose by US$0.0263 to US$0.3068/gal.
Federal tax rates remain at US$0.1840/gal for gasoline and US$0.2440/gal for diesel, which includes excise tax and an additional US$0.001/gal from the Leaking Underground Storage Tank Fund.
The same three states had the lowest gasoline and diesel taxes: Alaska (both at US$0.0895/gal), Mississippi (both at US$0.1840/gal), and Hawaii (both at US$0.1850/gal). The three states with the highest gasoline taxes were California (US$0.6982/gal), Illinois (US$0.6710/gal), and Pennsylvania (US$0.5870/gal). Those same three states also had the highest diesel taxes: California (US$0.9212/gal), Illinois (US$0.7460/gal), and Pennsylvania (US$0.7410/gal).
The EIA updates information about federal and state motor fuel taxes in the US on a semiannual basis, based on tax rates at the beginning of January and July each year.
Read the article online at: https://www.hydrocarbonengineering.com/refining/20082024/eia-average-state-tax-rates-for-retail-gasoline-and-diesel-fuel-flat-since-january-2024/
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