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 ...
Nah. Washington. We have a sales tax on the fuel tax on gasoline.
I find it frightening how openly Dems viewed low gasoline prices nationwide as an opportunity to screw us here in NJ. In their minds, if we were accustomed to paying $2.50 per gallon and market conditions reduced that, then we should just keep paying $2.50 with the difference going to other pet scams of theirs...
They really are the party of bottom-feeders, catering to people who will never own/register/insure a vehicle...
Yes, but Washington State has no income tax.
Other things clearly go on. You can save at least 1$ a gallon buying gasoline in Maryland vs Washington DC. There are other regulatory contributors besides just taxes.
PA with the highest gas taxes and the crappiest roads (I live there), why am I not surprised?? Life in liberaltopia....
Shows you what happens when one branch of the uniparty gets a stranglehold.
Georgia is full of big government Republican frauds.
Bump
Ah, the good old days, when someone would forget to put the dipstick in, top up with the wrong type or weight of oil, set your tire pressures incorrectly (they’re supposed to be set when *cold*), sprayed gas all over your gasoline-soluble paint, and smeared the dirt around your window instead of removing it. And then made you pay for the privilege.
Yeah, I’m just old enough to remember that era. I’m also young enough to actually remember how terrible most full service stations actually *were*. :P
“You can save at least 1$ a gallon buying gasoline in Maryland vs Washington DC. There are other regulatory contributors besides just taxes.”
looks like you can save 11 cents/gal.if you buy your gas in Virginia vs Maryland.
Ah, Texas, my Texas. One of the few states that doesn’t have any of those “other” taxes.
So in the era of weasel wording things they have spun “Road Tax” into something else so that people will not complain about misappropriation of money.
All I know is with rock bottom oil prices for the last couple of years, 87 in Reno barely ever got below 3 bucks per gallon.
Just the opposite of my experience. Ours was a wonderful Phillips 66 station and the owner and his family went to our church. His wife also made and sold the most wonderful homemade ice cream. Benefits of small town USA.
How is labor related to taxes per gallon confiscated by the state and the Feds?
I was wondering the same thing, especially since that employee will be using his earned money to contribute to the local economy, rather than every cent going into the bottomless pit known as the “general fund”.
And if you think that “road use” taxes stay in the roadwork fund, you’re even more naive than I was at 8.
The discussion was: State and federal gasoline taxes by state.
Thanks for posting this chart.
Well, about funded mandates. I’m conjecture that Obama has been misusing appropriated funds to fund programs that Congress has not passed or funded. Probably in the billions. Like 6billion from the state department for what?
Do not forget the gas tax increase under Governor Ma Rat Ann Richards that was going to go for “roads and bridges” and as soon as it passed they diverted it to school teacher salaries. Gotta pay off the NEA.
Then right after that there was another push to increase taxes for “roads and bridges” and we got the next 5 cent increase.
I hope your roads are better than in the Permian Basin. The #%#^+%#¥ TexDOT extracts many millions in taxes every year from this area and only
a fraction comes back to the roads here. The heavy trucks in the oil patch
beat up the pavement pretty bad.
And of course our wonderful so called “conservative Republican” politicians have never met a bond issue they didn’t love so many millions in usury goes off to northeastern banks every year when the funds could be used locally on frippery like streets and highways.
Enchante are the PA roads really that bad? I have seen other PA residents on other sites in the past complaining about them but usually figured they were exaggerating a bit.
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