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Viewing articles in category Gas Tax
The Coordinating Research Council (CRC) released a study today that found gasoline containing E15 could cause fuel components in cars to break down. Further, API asserts the results show EPA acted irresponsibly in approving the fuel for use and underscores the need to repeal biofuels mandates. It should be noted that the CRC was created…
The D.C. Court of Appeals recently struck down the EPA’s mandate that required oil companies to use ethanol made from switchgrass or farm waste in their gasoline supply. This mandate was made based upon the thinking by the EPA that if you made this type ethanol a requirement then someone will find a way to…
Why is gasoline more expensive in North Carolina than surrounding states? The biggest reason is the motor fuel taxes levied by the individual states. For comparison, here are the combined state and federal taxes for gasoline in adjoining states (to the nearest penny). NC = 56 cents per gallon VA = 38 cents per gallon…
Today the federal motor fuels taxes stands at 18.4 cents per gallon for gasoline and 24.4 cents per gallon for diesel.
In 1956, the Highway Trust Fund was established to be used exclusively for highway construction and maintenance such as the interstate highway system. At that time, the motor fuel tax was set at 3 cents per gallon.
The federal tax on gasoline bagan on June 6, 1932 to help prevent a budget shortfall. The tax rate was set at 1 cent per gallon.