Geo-TH,In
Well-known Member
I found this article to be very informative. I didn't realize
diesel was heavily taxed/
Data produced by the US Energy Information Administration shows
that diesel was cheaper than gasoline as recently as 2004. After
that point, gasoline has consistently been the cheaper of the
two.
However the tax increases have come from states, because the
federal government has not adjusted the rate of federal tax on
either gasoline or diesel since 1993.
The major reason for the cost disparity is the high federal and
state taxes levied on diesel, largely due to the carbon
emissions produced. The federal tax on diesel is currently 24.4
cents per gallon, as opposed to 18.4 cents for a gallon of
gasoline.
The rate of tax levied by states varies massively, but some add
as much as 74.1 cents per gallon of diesel.
article.
diesel was heavily taxed/
Data produced by the US Energy Information Administration shows
that diesel was cheaper than gasoline as recently as 2004. After
that point, gasoline has consistently been the cheaper of the
two.
However the tax increases have come from states, because the
federal government has not adjusted the rate of federal tax on
either gasoline or diesel since 1993.
The major reason for the cost disparity is the high federal and
state taxes levied on diesel, largely due to the carbon
emissions produced. The federal tax on diesel is currently 24.4
cents per gallon, as opposed to 18.4 cents for a gallon of
gasoline.
The rate of tax levied by states varies massively, but some add
as much as 74.1 cents per gallon of diesel.
article.