Tuesday, August 12, 2014

Gasoline Tax Map

In last week’s post about ExxonMobil’s 2013 earnings, I noted that we earned about 5.5 cents for every gallon of gasoline and other petroleum products we refined, shipped, and sold in the United States.

Consider this: The federal and state and local governments collected 40 to 60 cents per gallon in taxes.

The American Petroleum Institute just updated their map showing the combined local, state and federal tax rate in each state as of Jan. 1, when new taxes took effect.

Read more here...