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To: kenth

Hey Congress, want to reduce gas prices, why don’t you suspend some of the taxes you take on every gallon of gas. I could be off slightly, but if memory serves me, taxes account for .53 on every gallon.


16 posted on 05/23/2007 1:51:18 PM PDT by VA_Gentleman (Got a knack for being wrong - Dinosaur Jr.)
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To: VA_Gentleman
The Federal tax is the only motor fuel excise tax over which the Regress have any control. The rest of the tax you pay at the pump is courtesy of your state's gov't, and in some cases, localities.

The Federal Motor Fuel excise tax on motor gasoline is $0.184 per gallon. As the price map in this thread shows, the majority of the tax at the pump is state and local tax, in some cases (NY and HI, to name two) hugely so.

19 posted on 05/23/2007 1:59:12 PM PDT by SAJ (debunking myths about markets and prices on FR since 2001)
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