WebFeb 22, 2024 · The federal gas tax has been set at 18.4 cents per gallon of gasoline since 1993, and it remains the primary funding source for highway construction. In the context of recent increases in gas prices ( almost $1 per gallon in the past 12 months ), the federal gas tax of 18.4 cents is relatively small. And in real terms, the gas tax has lost ...
U.S. gasoline motor fuel taxes in January 2024 Statista
WebJun 9, 2024 · Federal taxes and fees were 18.4 cents per gallon for gasoline and 24.40 cents per gallon for diesel as of July 1, 2024. State taxes averaged 30.63 cents per gallon for gasoline and 32.29 cents ... WebAlternative Fuel Excise Tax. Propane and compressed natural gas (CNG) are subject to a federal excise tax of $0.183 per gasoline gallon equivalent (GGE). The liquefied natural gas (LNG) tax rate is $0.243 per diesel gallon equivalent (DGE). For taxation purposes, one GGE is equal to 5.75 pounds (lbs.) of propane and 5.66 lbs. of CNG. lazy boy recliners on sale leather
The taxes you pay to fill up your gas tank will likely go up soon
WebFeb 11, 2024 · Applies to fuel not taxed under the motor-fuel or fuel-use taxes. Liquified petroleum gas sold, used, or stored in State is exempt. Arkansas: 4.5: Special fuel for municipal buses and gasoline are exempt. California: 6.0: Applies to sales price including Federal and State motor-fuel taxes. Colorado: 3.0: Applies to fuel taxable under volume … WebDec 17, 2024 · Beginning on January 1, 2024, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 58.5 cents per mile driven for business … WebJul 7, 2024 · All drivers currently pay 18.4c per gallon in federal gas tax, but local and state taxes stack on top of that to range from around 13 cents to over 80 cents per gallon of gas. As of January 2024 and including all local, state and federal rates, Alaska holds the lowest gas tax at 32.19 cents per gallon, and California has the highest of 81.45c/gal. kearney high basketball