The American Petroleum Institute (API) collects motor fuel tax information for all 50 states and compiles a report and chart detailing changes and calculating a nationwide average. Florida is listed as number ten on the list of gasoline taxes at 53.4 cents per gallon (cpg). Florida ranks 16th for diesel motor fuel taxes at 54.9 cpg. To view the July 2012 API report click here.
The nationwide average tax on gasoline of 48.9 is down .6 cpg from the April 2012 API study. The federal tax on gasoline is 18.4 cpg. The average state gasoline excise tax is 21.0, up .1 cpg from April 2012. Other taxes (such as applicable sales taxes, gross receipts taxes, oil inspection fees, county and local taxes, underground storage tank fees and other miscellaneous environmental fees) were 9.5 cpg, down .7 cpg from April. Adding these taxes and fees to the state excise taxes results in a volume-weighted average state and local tax of 31.1 cpg.
The difference is Florida has higher “other taxes” on gasoline and diesel motor fuels.
According to its website API, “Supports the implementation of sensible taxing policy that considers broad based approaches over industry specific proposals, supports efficient approaches to tax collection and weighs the impact of taxes on the ability of U.S. based business to compete in the world market place. ” Specific tax proposals to provide cheap and reliable power and meet the energy needs of the United States are provided here. The API makes specific recommendations on the: Repeal Sec. 199 for Oil and Natural Gas Companies; Repeal Expensing of Intangible Drilling Costs; International Reform/Dual Capacity; Increase Geological and Geophysical Amortization Period; Raising the Oil Spill Tax; Reinstate Superfund Taxes; and Repeal EOR Credit and Marginal Well Credit. To read the detailed recommendations on these taxes click here.
The API website states, “It will take all forms of energy to promote our economy. That’s why API and our members support the development of renewable and alternative sources of energy. However, we it must be done as part of a comprehensive energy policy that encourages the development of all forms of domestic energy.”
The below map depicts January 2012 gasoline tax rates by state and was prepared by API: