Grand Slam Tariff Possibility For President Trump: Suspend Federal Gas Tax (To Help The Lower and Middle Class...At Least Temporarily) And .....
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Using NJ as the example (Look up your own state, fren. This is from Google AI twat)
Federal Gas Tax:
Gasoline: 18.4 cents per gallon
Diesel: 24.4 cents per gallon
The federal tax is an excise tax levied on each gallon of gasoline or diesel fuel purchased in the U.S. The federal tax was last raised on October 1, 1993, and is not indexed to inflation
New Jersey State Gas Tax:
Gasoline: 44.9 cents per gallon (including the Motor Fuels Tax of 10.5 cents and the Petroleum Products Gross Receipts Tax (PPGRT) of 34.4 cents)
Diesel: 51.9 cents per gallon (including the Motor Fuels Tax of 13.5 cents and the PPGRT of 38.4 cents)
So...That means, the absolutely CHEAPEST per gallon cost BEFORE the gas station gets their cut is (Federal Tax + State Tax):
Gasoline = 18.4 + 44.9 = 0.633/gal
Diesel = 24.4 + 51.9 = 0.763/gal
Example: Wawa Current Fuel Prices near me...
Regular $3.13
Midgrade $3.63
Premium $3.74
Diesel $3.79
(State & Federal Taxes + Cost of Fuel Product + Delivery + Gross Profit)