• 6 minutes Can the World Survive without Saudi Oil?
  • 10 minutes Saudis Threaten Retaliation If Sanctions are Imposed
  • 15 minutes Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 1 hour U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 2 hours WTI @ $75.75, headed for $64 - 67
  • 47 mins Saudis Pull Hyperloop Funding As Branson Temporarily Cuts Ties With The Kingdom
  • 1 hour U.S. - Saudi Arabia: President Trump Says Saudi Arabia's King Wouldn't Survive "Two Weeks" Without U.S. Backing
  • 13 hours How High Can Oil Prices Rise? (Part 2 of my previous thread)
  • 44 mins EU to Splash Billions on Battery Factories
  • 13 hours UN Report Suggests USD $240 Per Gallon Gasoline Tax to Fight Global Warming
  • 39 mins Iranian Sanctions - What Are The Facts?
  • 13 hours China Thirsty for Canadian Crude
  • 45 mins Superhumans
  • 15 hours Threat: Iran warns U.S, Israel to expect a 'devastating' revenge
  • 14 hours Shell, partners approve huge $31 billion LNG Canada project. How long till Canadian Federal government Environmentalates it into the ground?
  • 15 hours Two Koreas: U.N. Command Wrap Up First Talks On Disarming Border
Alt Text

How A Carbon Tax Would Be Implemented

A rather simple solution to…

Alt Text

The Dark Horse Of The Oil Price Rally

Vietnam is set to break…

Alt Text

Oil Price Rally Boosts Electric Car Sales

While $100 oil is believed…

ZeroHedge

ZeroHedge

The leading economics blog online covering financial issues, geopolitics and trading.

More Info

Trending Discussions

Which State Has The Highest Gasoline Taxes?

Gas Station

Yesterday we highlighted something strange: while oil prices have rebounded from multi-year recent lows, gasoline prices have not only rebounded but have done so with a vengeance, sending retail gasoline at the pump back to levels last seen just over a year ago, even as WTI (and Brent) is materially lower. As we concluded, "gas prices are unchanged while oil prices are 25 percent lower."

(Click to enlarge)

Something did not add up, which prompted some readers to inquire if this was purely a function of higher gasoline taxes. We don't know the answer, and assume it is a deep secret of America's refiners, but we did find out what the gasoline motor fuel taxes by state are. Related: The Biggest Winner Of The Oil Bust: Interview With Aeromexico

Here is the summary from API:

The nationwide average tax on gasoline is 48.04 cpg, up 0.05 cpg from the January 2016 study. A summary of federal and state excise taxes and other taxes collected on gasoline is shown below. The federal tax on gasoline is 18.40 cpg. The average state gasoline excise tax is 20.88, unchanged from the January 2016 study. Other taxes (such as applicable sales taxes, gross receipts taxes, oil inspection fees, county and local taxes, underground storage tank fees and other miscellaneous environmental fees) were 8.76 cpg, up 0.05 cpg from January. Adding these taxes and fees to the state excise taxes results in a volume-weighted average state and local tax of 29.64 cpg.

The regional breakdown of fuel taxes is as follows:

And here are the gas tax rates, effective as of April 1, in every U.S. state from the highest (Pennsylvania, Washington, and New York), to the lowest (South Carolina, New Jersey - yes NJ has a low tax for something - and Alaska). Related: Can EVs Save Electric Utilities?

(Click to enlarge)

By Zerohedge

More Top Reads From Oilprice.com:




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News