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The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
The dual tax on gasoline sets California apart: Most states do not have a sales tax on gasoline. Compare the current average gas price in California at $4.49, to lower-taxed southern states like ...
State Route 58. State Route 58 ( SR 58) is a major east-west state highway in the U.S. state of California that runs across the Coast Ranges, the southern San Joaquin Valley, the Tehachapi Mountains, which border the southern Sierra Nevada, and the Mojave Desert. It runs between U.S. Route 101 near Santa Margarita and Interstate 15 in Barstow.
Gas prices have been on the rise nationwide, but for California drivers, they've skyrocketed in a short amount of time. The Golden State's average at the pump surged by $0.23 to $5.27 per gallon ...
State Taxes. The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. [1] [2] Proceeds from the tax partly support the Highway Trust Fund. The federal tax was last raised on October 1, 1993, and is not indexed to inflation, which increased 111% from Oct. 1993 until Dec. 2023.
According to data from Choose Energy, the national average for a gallon of gas is $3.19 as of Aug. 9. Gas Price Update: OPEC's Latest Decision on Oil Production and Your Wallet See: Electric...
Notes: (1) Based on 45% highway and 55% city driving. Electricity cost of US$0.13 /kWh, premium gasoline price of US$2.51 per gallon (used by the 2015 Volt, i3 REx, ELR, i8, Mercedes S500e, Karma and all Porsche models), and regular gasoline price of US$2.04 per gallon (as of 18 December 2015). Conversion 1 gallon of gasoline=33.7 kWh.
As of July 2023, California has a 2.25% sales tax rate on gasoline, while Texas levies a flat tax of $0.20 per gallon of gas. The price of gas also varies by state because some states require ...