State and local taxes accounted for 16% of the retail gasoline price in the decade through 2020.
Federal taxes and fees were 18.4 cents per gallon for gasoline and 24.40 cents per gallon for diesel as of July 1, 2021.
State taxes averaged 30.63 cents per gallon for gasoline and 32.29 cents per gallon for diesel as of the same date.
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The impact of opportunity cost on personal and professional life
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