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(4) Federal, state, and local government taxes also contribute to the retail price of gasoline. The federal excise tax is 18.30 cents per gallon and the federal Leaking Underground Storage Tank fee is 0.10 cents per gallon. As of January 1, 2018, state taxes and fees on gasoline averaged 28.31 cents per gallon. Sales taxes along with taxes applied by local and municipal governments can have a significant impact on the price of gasoline in some locations.

August 24, 2018

 

 

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