October 2000

Trends and Resources

HP In Brief: HPIn Brief

Reviewing those troublesome gasoline taxes . . . In the U.S., gasoline sells for about $1.60/gal, of which taxes are about 40 cents/gal - roughly 25% of the retail price. The state and federal taxes a..

Weirauch, Wendy, Hydrocarbon Processing Staff

Reviewing those troublesome gasoline taxes . . . In the U.S., gasoline sells for about $1.60/gal, of which taxes are about 40 cents/gal - roughly 25% of the retail price. The state and federal taxes are used for building and maintaining U.S. roads and bridges. Europe's strategy is different. Gasoline and diesel fuel are heavily taxed. For example, taxes account for 60% of the retail price in Ireland and 75% in England, according to Poten & Partners. The intent of the high taxes is to discourage vehicle fuel use for environmental reasons and to provide a significant source of revenue for government. This supports a far more extensive system of social welfare. Thus, a $4/gal price represents $

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