Research Report Gasoline Taxes and Rising Fuel Prices
Sonya Hoo, Kim S. Rueben
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Although retail gasoline prices have reached an all-time high, gasoline taxes are not to blame. Gasoline taxes (both federal and state) average 43 cents per gallon and have fallen in real terms. Gasoline prices and taxes do vary across regions but there is little correlation between tax rates and prices.
Research Areas Taxes and budgets
Tags Federal budget and economy