Last Week in Petroleum
THIS WEEK IN PETROLEUM REPORT RELEASE - April 20, 2011
This Week In Petroleum
Motor fuel taxes in the United States Federal and State taxes levied on gasoline and diesel fuels for "on-highway use" generate significant revenue for the Federal Highway Trust Fund and State treasuries. At present, nearly all of this Federal tax income is directed to building and maintaining roadways and funding mass transportation projects. According to the Federal Highway Administration, monies received into the Federal Highway Trust Fund during the 2010 Fiscal Year totaled $24.8 billion for gasoline and $9.1 billion for diesel and special fuels ( FHWA Table FE-10).