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EIA: State tax rates for retail gasoline and diesel increased in 13 states in 2023

Green Car Congress

In January 2023, state taxes and fees on gasoline and diesel fuel averaged $0.3163 per gallon (gal) of gasoline and $0.3388/gal of diesel fuel, according to the US Energy Information Administration (EIA). These taxes have increased in 13 states since July 2022. gal), although that low tax rate will gradually increase through May 2023.

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France’s high court rules in favor of ending tax benefits for palm oil diesel

Green Car Congress

France’s Constitutional Council, the highest constitutional authority in the country, ruled in favor of excluding palm oil from the list of biofuels that enjoy tax incentives. Oil company Total has estimated it is worth between €70 million and €80 million per year. The decision enters into force on 1 January, 2020.

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California reduces tax on dimethyl ether (DME) fuel to be consistent with other alternative fuels; enabling retail sales

Green Car Congress

The California state legislature passed and the Governor signed into law a bill ( AB-2663 ) that lowers the Use Fuel Tax rate of dimethyl ether (DME) from $0.18 per gallon of DME-propane fuel blend used on or after 1 July 2021 (the same tax rate as propane, $0.06 per gallon of DME used and $0.06 per gallon). Oberon’s process.

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President Obama proposes 50% increase in spending on clean transportation, funded by $10/barrel tax on oil

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President Obama has laid out a plan for building a “21st Century Clean Transportation System”, the investment for which would be funded by a new $10 per barrel fee on oil paid by oil companies, which would be gradually phased in over five years.

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How crude-oil prices influence gasoline prices

Green Car Congress

Gasoline is one of the products refined from crude oil. Thus, the price of crude oil should have a strong influence on the price of gasoline. The Energy Information Administration (EIA) estimates that in the United States from 2008 to 2017, crude oil represented only 61% of the retail price of gasoline. for a 10-day lag.

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Gulf Oil adds LNG-powered trucks to its transportation fleet

Green Car Congress

Gulf Oil LP, a national branded supplier of motor fuels throughout the United States and its territories, has deployed 34 transport trucks that run on liquefied natural gas (LNG). In addition, Gulf will soon be supplying and distributing LNG to customers in the transportation sector and other interested bulk users.

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Viridos raises $25M in Series A for algae-based jet and diesel fuel

Green Car Congress

The funding will be used for R&D to further increase algae oil productivity to reach commercially deployable levels. The heavy transportation sector—comprising aviation, shipping, and long-distance trucking—relies on these fuels with demand expected to continue to grow for decades, creating major decarbonization challenges.

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