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State gasoline taxes varied widely across the United States in July

From eia.gov

In the most recent update of our Federal and state motor fuels taxes table, state gasoline taxes ranged from as low as 8.95 cents per gallon (/gal) in Alaska to as high as 65.1 cents/gal in California on July 1, 2022. Compared with January 2022, 13 states changed some part of their gasoline taxes. Our data show that the simple average of taxes and fees on gasoline levied by the states and the District of Columbia increased to 31.67 cents/gal from the January 2022 average of 31.02 cents/gal. The tax rate changes varied widely by state, and some states temporarily lowered their tax rates. Gasoline taxes increased the ... (full story)

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  • Category: Fundamental Analysis