Petrol and Diesel Fuel Prices in USA

The main factors influencing the cost of gasoline in the USA is Taxes, Cost of Crude Oil, which is determined globally, Refining Costs and distribution/marketing costs. The USA produces around 40% of its own oil requirements and the rest is imported from Canada, Saudi Arabis Mexico, Nigeria and Venezuela.

The first fuel tax in the USA was introduced in 1919 by the State of Oregon and by 1939 all the other US states had followed suit. Each State imposes its own Gasoline and Diesel Tax with California having the highest taxes.