Energy Market Updates

Don't Forget! MA Gas & Diesel Tax Rate Change Effective Today!

Posted by Kelly Burke on Jul 31, 2013 11:04:00 AM

The State of Massachusetts, as part of the Transportation bill, has voted to increase the state excise tax on gas & diesel. This increase will be tied to inflation and increase annually. The increase this year, effective today, July 31 2013, is $0.03, which raises the excise tax to $0.24 per gallon.

 

 

The current breakdown of taxes on over the road fuel products in MA is as follows:

 

Diesel

Federal Excise Tax: .243

Federal Lust: .001

Federal Oil Spill: .0019

MA State Excise Diesel: .240

MA URP: .0119

MA UST : .025

 

Gas:

Federal Excise Tax: .183

Federal Lust: .001

Federal Oil Spill: .00171

MA State Excise: .24

MA URP: .00119

MA UST: .025

Topics: MA Excise Tax, Gas Tax

    Energy Market Updates

    The information contained in this report has been taken from trade and statistical services and sources believed to be reliable. Dennis K. Burke, Inc. makes no representations or warranties with respect to the content of such news, including, without limitation, its accuracy and completeness. This bulletin is provided for informational purposes only, and is not intended as a recommendation to buy or sell commodities.

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