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<The federal fuel tax in 1993 was 18.4c per gallon (and remains at that level), while crude oil that year cost as little as $13/barrel. That's a 57% tax.> Your
by DrScump 11y ago
<The federal fuel tax in 1993 was 18.4c per gallon (and remains at that level), while crude oil that year cost as little as $13/barrel. That's a 57% tax.>
Your math eludes me. National average gasoline price for 1993 was $1.10, yielding less than 17% tax.
- thrownaway2424 11y agoThis article is using the price of crude oil as the denominator. In 1993 Brent Crude Oil varied between $13 and $20 per barrel.
- DrScump 11y agoBut the fuel tax figure you quoted was for gasoline, not crude. You were comparing apples to Orangesicles.