There are a couple different taxes on gasoline. First there is a ta for importing the gasoline that is from other countries, which is the majority of gasoline. Then, in the US there are also an additional fuel tax. The revenues of this tax go towards transportation projects, so it acts as a user tax. President Hoover signed into action the first gas tax with the revenue bill of 1932 in the years shortly after the depression hit.
The “majority of gasoline” is not imported. We make gasoline in refineries in the US, using both domestic and imported crude oil. The US does import gasoline as well, but only about 880,000 barrels a day out of a total of 9,300,000 barrels of gasoline consumed every day.
Click here to cancel reply.
Sorry,At this time user registration is disabled. We will open registration soon!
Don't have an account? Click Here to Signup
© Copyright GreenAnswers.com LLC