March 2024 Fuel Outlook
Canada – CN/US Exchange rates for the 1st quarter 2024 IFTA are: 1.3391 US
and.7468 CN.
Province liter changes are as follows:
- Alberta to .09 on gas and diesel
- Manitoba to 0 on gas and diesel
- Ontario to .147 on gas and .143 on diesel.
Federal Inflation Reduction Act was reenacted 2023. I have posted links for your review. The increase in 2024 includes both the OSLTF (.09/bbl); and the Haz. Substance Superfund (.164/bbl). It is .164/42bbl or .003905 if 100% Petroleum.
The new consolidated rate is .254 and with the inflation factor bringing the total rate to .26/bbl or .006191 per gallon! Only the Petroleum portion has the tax applied just as the FOSL Trust Fund does.
Also, after checking further, it is my findings that this now consolidated fee is able to be passed down as a separate line item on invoices as they both were in 2023 and prior.
Arkansas – Gas and diesel rates change Oct. 1, 2024
CA – City of Goleta in Santa Barbara County increased the sales tax rate by 1-cent for gas and diesel. The new sales tax rate will be .145 for diesel and .0375 for gas. This is the only change I am aware of.
CA –Carbon Cost & Fuel Fee rates are as follows:
- Diesel – CCC .44193683 x Emission Factor .010236952 = Fuel Fee rates of .004524086.
- Gas – CCC .34594398 x Emission Factor .008620302 = Fuel Fee rates of .003809629 (If you require any further information please email ghgreport@arb.ca.gov)
***Colorado – Rates to change in July 2024. No rate changes for January 1, 2024.
Delaware – There are three taxes that make up the 2023 new wholesale total rate 1.3247%.
These are:
- .675% Hazardous Substance Cleanup Act (HSCA)
- .3983% Gross Rec. tax
- .2514 Pet. Surcharge which totals the noted amount.
However, the HSCA tax went from .8389% to .675%. The total Retailer rate is 1.4218%.
Florida – The new diesel tax rate is (.374) and IFTA tax reporting rate is (.3947) which includes the cleanup fee of .02071. The gas rate .36525 to .42525; w/ IFTA gas rate at (.36525) per my best calculation. I am waiting for the State of Florida to announce specifics on the IFTA rates.
Georgia –State tax rates for diesel .362 and gas .323.
Georgia – Local/County % sales tax rates are computed and charged as ppg. State Average retail rate for diesel and gas has been at $3.00 since 7/1/22. Clay and Hancock County will go from 3% to 2% which equates to .06 for both gas and diesel.
STATE FUEL TAXES
Remember, to convert to actual move decimal two places to left It is kept as whole numbers to prevent confusion.
| State | Diesel-UST InspectionMisc. | Sales Tax | Wt. MileTax-centsper mile | Surcharge-IFTA tax report only | Diesel St.Tax Pd @Pump | Tax Report Compositew/surcharg | Refund Potential(IFTA) | State Gas Rates | Upcoming Changes | ||||||||
| Non-Refundable PPG | Refundable PPG (IFTA) |
Inspection,UST, Misc. | State Tax Rates | ||||||||||||||
| AL | 1.2UST/ .75IN | Local-(0-7) | 30.0+local+K53L34G10:K58G10:K52G10:K53G10:K54G10:K58 | 30.000 | 30.000 | 1.200 | 29.000 | 7/1/2025 | https://www.revenue.alabama.gov/business-license/motor-fuels-tax-rates/ | ||||||||
| AK | 0.09524 | 8.000 | 8.000 | 8.000 | 0.09524 | 8.000 | |||||||||||
| AZ | 1.000 | 26.000 | 26.000 | 26.000 | 1.000 | 18.000 | |||||||||||
| AR | 0.300 | State tax rates up .1 on gas and diesel | 28.500 | 28.500 | 28.500 | 0.300 | 24.700 | 10/1/24 | |||||||||
| CA | 2.0000 | 64.8 | 44.1+local | 1.089 | 1.089 | 2.0000 | 57.900 | 7/1/24 | IFTA CA – PP – gas 8.0 / diesel to 50.0. | ||||||||
| CA | CAAB2 fees | diesel .4524086 / gas .3809629 | 7/1/24 | *OSPA/OSRF (see below) | |||||||||||||
| CO | 0.6250 | PFAS (.3125) gas/diesel/ BTI and RUF in noted tax rates | 26.500 | 26.500 | 26.500 | 0.6250 | 25.000 | 7/1/24 | ( Gas- Base -22.0 ( RUF 3.0) / Diesel Base 20.5 ( BTI 3.0 / RUF 3.0) | ||||||||
| CO | 0.612500 | FIRF Fee – NEW for both gas and diesel | 7/1/24 | PFAS .3125 / FIRF .6125 / ERS .625 -Total of fees 1.55 not in tax rate/ IFTA | |||||||||||||
| CT | 8.814%gas | 49.200 | 49.200 | 49.200 | 25.000 | 7/1/24 | |||||||||||
| DE | 1.3247% | wholesale rate/ 1.4218 retail | 22.000 | 22.000 | 22.000 | 1.4861% | 23.000 | 7/1/25 | |||||||||
| DC | Surcharge now 10.7; Distributer/Wholesaler not pass thru | 23.500 | 23.500 | 23.500 | 23.500 | ||||||||||||
| FL | *2.07 | 37.400 | 39.470 | 39.470 | .125+2.071 | 36.525 | 1/1/25 | IFTA gas – 39.60 est. | |||||||||
| GA | 0.7500 | Local(1-5%) | 36.2+local | 36.200 | 36.200 | 0.7500 | 32.3+local | 7/1/24 | Clay and Hancock counties from 3% to 2% | ||||||||
| HI | 2.5000 | 4%+varies | 2.5 Env. Response, energy and sec. tax 7/1/13 | 17.0+local | 22.100 | 17.000 | 0.1191 | 17.0+local | |||||||||
| ID | 1.000 | 32.000 | 32.000 | 32.000 | 1.000 | 32.000 | |||||||||||
| IL | 1.100 | Loc6.25%+ | 21.2 | 20+ city sales tax changes/ seeFO | 52.9+local | 74.100 | 74.100 | 1.100 | (65.0) / 45.4 | 7/1/24 | pp7/1/23 – Bio<10 @20.0 and gas/Bio>10 @ 20.0 | ||||||
| IN | 1.000 | Oil insp. Fee on same line item as fuel tax. | 57.000 | 57.000 | 57.000 | 1.000 | 34.000 | ea month | 3/1/24 – IN Sales tax on gas only forJan is 16.9 | ||||||||
| IA | 0.000 | E15>-24.5 / E85- .0 | B<10-32.5 and B>10 – 29.8 not 29.5 | 32.500 | 32.500 | 32.500 | 0.000 | 30.000 | 7/1/24 | See county ppg rates at bottom of the page. | |||||||
| KS | 1.030 | 26.000 | 26.000 | 26.000 | 1.030 | 24.000 | |||||||||||
| KY | 1.400 | 2.85 | 10.2 diesel / gas 4.4 | 25.700 | 35.900 | 25.700 | 1.400 | 28.700 | |||||||||
| LA | 0.925 | 20.000 | 20.000 | 20.000 | 0.925 | 20.000 | |||||||||||
| ME | 0.7422 | 31.200 | 31.200 | 31.200 | 1.4803 | 30.000 | |||||||||||
| MD | 0.1905 | 47.750 | 47.750 | 47.750 | 0.1905 | 47.000 | 7/1/24 | ||||||||||
| MA | 3.3663 | (includes (3.2472 + .1191) | 24.000 | 24.000 | 24.000 | 3.1990 | 24.000 | 1/1/25 | |||||||||
| MI | 1.000 | 6.00% | 21.6 | 4th quarter | 30.0+local | 51.600 | 51.600 | 1.000 | 45.1 / 30.0 | monthly | 3/1/2024 – prepaid gas 15.0 and diesel 20.2 | ||||||
| MN | 0.100 | 28.500 | 28.500 | 28.500 | 0.100 | 28.500 | 5/1/24 | Petroleum Tank Cleanup fee on through Aug. 31, 2024 | |||||||||
| MS | 0.400 | 18.000 | 18.000 | 18.000 | 0.400 | 18.000 | Jackston, Hancock, Harrison – SeaWall gas tax 3-cents | ||||||||||
| MO | 0.4700 | (.07 inspection fee/ .4 Transport Load fee up (UST) | 24.500 | 24.500 | 24.500 | 0.4700 | 24.500 | 7/1/24 | |||||||||
| MT | 0.750 | 29.750 | 29.750 | 29.750 | 0.750 | 33.000 | |||||||||||
| NE | 0.300 | 29.100 | 29.100 | 29.100 | 0.900 | 29.100 | 7/1/24 | ||||||||||
| NV | 0.7500 | **Counties (diesel) tax and Clark/Washoe county index rates |
27.000 | 27.000 | 27.000 | 0.805 | 24+Cty rate | 7/1/24 | |||||||||
| NH | 1.625 | 22.200 | 22.200 | 22.200 | 1.625 | 22.200 | |||||||||||
| NJ | 0.055 | 49.300 | 49.300 | 49.300 | 0.055 | 42.300 | |||||||||||
| NM | 1.875 | 4.378 | 21.000 | 21.000 | 21.000 | 1.875 | 17.000 | NYPp Region 1/ 2 – 18.0 N/C | |||||||||
| NY | 0.327 | 3-5.5%+.08/.0875 | 16.0+15.55 | 4.62 | 8+15.55+ loc | 40.350 | 40.350 | 0.3274+.05 | 42.100 | 3/1/24 | Art.13A-gas- 18.1 to 17.3 | NY Pp Region 3 – 17.0 N/C | |||||
| NC | 0.250 | 40.400 | 40.400 | 40.400 | 0.250 | 40.400 | https://www.tax.ny.gov/pdf/publications/sales/pub718f.pdf, | ||||||||||
| ND | 0.025 | 23.000 | 23.000 | 23.000 | 0.025 | 23.000 | (March 2024-Erie county to 4.75% and Delaware to 4.0% | ||||||||||
| OH | 1.8447 | 47.000 | 47.000 | 47.000 | 1.7069 | 38.500 | 4/1/24 | ||||||||||
| OK | 1.000 | 19.000 | 19.000 | 19.000 | 1.000 | 19.000 | |||||||||||
| OR | 0.111 | mile tax@90000lbs— | Jan 2022 – @ 80,000# -base 23.7-cemts | N/A for IFTA carriers | 0.100 | 40.000 | City Changes can be found on OR website noted in Fuel Outlook.- | ||||||||||
| PA | 74.100 | 74.100 | 74.100 | 1.100 | 57.600 | ||||||||||||
| RI | 1.120 | 37.000 | 37.000 | 37.000 | 1.120 | 37.000 | |||||||||||
| SC | 0.750 | 28.000 | 28.000 | 28.000 | 0.750 | 28.000 | |||||||||||
| SD | 2.000 | 28.000 | 28.000 | 28.000 | 2.000 | 28.000 | SB 71 – Other fuels including Gas will be included on IFTA reporting. | ||||||||||
| TN | 1.400 | 27.000 | 27.000 | 27.000 | 1.400 | 26.000 | |||||||||||
| TX | 0.1875 | (Based on $15 per 8000-10000gal) | 20.000 | 20.000 | 20.000 | 0.1875 | 20.000 | ||||||||||
| UT | 0.650 | 36.500 | 36.500 | 36.500 | 0.650 | 36.500 | |||||||||||
| VT | 1.000 | 6.11-cents-MFTIA + MFTA 13.4) + MFT 12.1 w/ total 31.61) | 31.000 | 31.000 | 31.000 | 1.000 | 31.610 | 4/1/24 | |||||||||
| VA | 0.600 | (Wholesale tax -( 8.7/gas /8.8/diesel) | sur 15.0 gas/14.0 diesel | 30.800 | 30.800 | 30.800 | 0.600 | 29.800 | |||||||||
| WA | .3% or .003 | Rate increase | 49.400 | 49.400 | 49.400 | 0.30% | 49.400 | PPT was .0015(.15%) to (.3% or .003) /based on wholesale value of the product | |||||||||
| WA | 3.30HST + .1191OST | 3.4191 | (3.30+.1191) | ||||||||||||||
| WV | 15.2 inc in 35.7 | 35.700 | 35.700 | 35.700 | 35.700 | ||||||||||||
| WI | 2.000 | 30.900 | 32.900 | 32.900 | 2.000 | 32.900 | |||||||||||
| WY | 1.000 | 23.000 | 24.000 | 24.000 | 1.000 | 23.000 | |||||||||||
| Total/Average | 31.783 | 32.362 | Revised total averages | ||||||||||||||
| ** | Clark County, NV -gas – | gas 20.2019411 & diesel 20.18066 + 9.0 county option | |||||||||||||||
| Washoe County, NV- gas | gas 44.93769 & diesel 40.17839 + 9.0 county option | All in grayed area are computed actual rates and decimals are correct! | ILLNOIS – PPG | Counties ppg – | |||||||||||||
| 1/1/2017 | Federal Oil Spill Liability Fund increased from .08 to .09 /bbl | 7/1/2023 | Dupage 9.1 | ||||||||||||||
| NV counties – added a 5-cent county tax to diesel only | or a total petroleum product from .0019 to .002143 cpg | 7/1/2023 | Kane- 4.7 | ||||||||||||||
| Carson City – 8/1/20 | Mineral – 4/1/21 | 1/1/2023 | Haz Substance Superfund (.164/bbl or .0039 if all Petroleum) | 7/1/2023 | Lake 4.5 | ||||||||||||
| Churchill -2/1/21 | Pershing 3/1/20 | 1/1/2024 | Haz Sub. Superfund (.17bbl or .004048/ FOSL (.09/bbl or.002143 | 1/1/2024 | McHentry 4.7 to 8.0 | ||||||||||||
| Elko 11/1/23 | Storey 3/1/2021 | 1/1/24 | Combine 2 funds + inflation = .26/bbl or .006191/gal going forward | 7/1/2023 | Will – 4.7 | ||||||||||||
| Humboldt 1/1/21 | White Pine – 7/1/20 | All rates must be computed on only petroleum portion of the product!! | Cook – 6.0 | ||||||||||||||
| Lyon -6/1/20 | 1/1/2021- Federal Oil Spill Liability Fund will be collected through Dec 2025! | ||||||||||||||||
| ** 7/1/24 – Change will take place – CA -Oil Spill Prevention Fee (OSPA) increase to .085/bbl to .091/bbl or .002167; and Oil Spill Response Fee (.00595) / currently not collected | |||||||||||||||||
David Stock and Fuel Systems Services, Inc. January 2024
