Posted on 05/19/2016 6:04:30 PM PDT by Nachum
Yesterday we showed 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 is now 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% lower."
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.
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.
(Excerpt) Read more at zerohedge.com ...
Your state is *special*.
I wasn’t surprised to see New Jersey at the bottom.
They don’t allow customers to pump gas so there has to be a gas attendant on duty to pump for customers.
That extra employee wages are so much more constructive than just a straight tax on the gas and let the customer pump.
Sheesh, at our Washington state current gas price of $2.39/gal, the state takes 26% in taxes...Bastards!
Glad to see NV is way up there at 52.25. You can tell by the great roads...................oh, wait.
NJ probably has a low tax since due to its small size many passing through could avoid filling up there if they wanted to.
Happy to see NJ in a positive light for once...
Ah the good old days when someone checked my oil, the tires air pressure, pumped my gas and washed my windows. The most positive benefit was that thousands of kids had great part-time jobs. IMO they should drop the federal tax and then could use that money to pay employees. Certainly would make me happy.
NJ makes up for a lot of the lower gas taxes with toll roads. It’s cheap to fill up your car, just not to drive it any appreciable distance.
What kills me these days is the spread between regular and premium gas. In recent memory it was ten cents a gallon, then 20, and then 40 when gas was up at $4/gallon. Now that gas is back down to around $2, the spreads range from 40 to 45 cents, or 20% of the price for regular. Not surprisingly, stations have stopped advertising the premium price on their signs.
Oregon does not let you pump your own gas and is 50% higher than NJ.
Well, that’s Oregon for ya. Progressive libtards.
The spread between 87 oct and 92 oct is weird.
Actually gas in New Jersey would cost more if you were allowed to pump your own
Insurance rates would go up on the stations
And insurance is a big racket here in New Jersey
It's pretty much the only stone left unturned in the state legislature's perpetual quest for more money to waste, squander and steal. Expect this to change.
(The $15 minimum cash toll for the Hudson river crossings has probably eliminated most of the traffic from NYC to buy cheap gas.)
The roads that pass through NJ (I-95, I-80, I-78, I-287) would allow motorists passing through (not coming just for cheaper gas) the alternative of simply fueling up in Delaware, Pennsylvania, New York, or Connecticut.
New Jersey has low gas taxes because the Mafia has other ways to rob us
But the Mafia wants to raise the gas tax once it takes over Trenton again. They can’t stand that we pay so little compared to other states. It really does bother them. Gotta fill up the pockets of supporters, I mean the “Transportation Trust Fund”
Do you find it amazing that the Transportation Trust fund has been broke since 2008 and yet roads still get repaired? I have always figured it was just a piggy bank for corrupt politicians
Oh the liberals in this state can’t wait to raise the gas taxes, they are salivating for the day Christie leaves office so they can raise it to the highest in the country, so we would be on par with all of our other taxes
Well, a lot of roads aren’t being repaired (unless an election is approaching).
For all that Christie gets knocked here on FR, people in NJ really appreciate his attempts to stem the rising costs that are making the state uninhabitable for average people (and undesirable for wealthy people & companies).
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