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The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. [1][2] Proceeds from the tax partly support the Highway Trust Fund. The federal tax was last raised on October 1, 1993, and is not indexed to inflation, which increased 111% from Oct. 1993 until Dec. 2023.
The Highway Trust Fund is a transportation fund in the United States which receives money from a federal fuel tax of 18.4 cents per gallon on gasoline and 24.4 cents per gallon of diesel fuel and related excise taxes. [2] It currently has two accounts, the Highway Account funding road construction and other surface transportation projects, and ...
A diesel cycle engine can be as much as 40% to 50% efficient at converting fuel into work, [2] where a typical automotive gasoline engine's efficiency is about 25% to 30%. [ 3 ] [ 4 ] In general, an engine is designed to run on a single fuel source and substituting one fuel for another may affect the thermal efficiency.
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Harris would also add a new child tax credit of up to $6,000 for middle-class and lower-income families with children in their first year of life. Vance’s answer
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Fuel. Federal excise taxes have been stable at 18.4¢ per gallon for gasoline and 24.4¢ per gallon for diesel fuel since 1993. This raised $37.4 billion in fiscal year 2015. These fuel taxes raised 90% of the Highway Trust Fund. The average of state taxes on fuel was 31.02¢ per gallon for gasoline and 32.66¢ per gallon for diesel fuel in 2021.
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