National Totals of State Tax Revenue: T13 Motor Fuels Sales Tax for the United States
This dataset tracks national totals of state tax revenue: t13 motor fuels sales tax for the united states over time.
Latest Value
14356.00
Year-over-Year Change
8.88%
Date Range
1/1/1992 - 1/1/2025
Summary
The 'National Totals of State Tax Revenue: T13 Motor Fuels Sales Tax for the United States' measures the total revenue collected by U.S. states from taxes on the sale of motor fuels. This metric is important for economists and policymakers to understand fuel consumption trends and the fiscal impact of transportation policies.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the total revenue collected by all U.S. states from taxes on the retail sale of motor fuels like gasoline and diesel. It provides insight into consumer driving patterns, fuel efficiency, and the fiscal health of state transportation budgets.
Methodology
The data is collected and aggregated by the U.S. Census Bureau from state-level tax revenue reports.
Historical Context
Policymakers and market analysts use this data to assess the impact of fuel prices, vehicle technologies, and transportation policies on consumer behavior and state finances.
Key Facts
- Taxes on motor fuel sales are a major revenue source for U.S. states.
- Revenue from this tax can fluctuate with changes in fuel prices and consumption.
- State fuel tax rates and policies vary significantly across the country.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue collected by U.S. states from taxes on the retail sale of motor fuels like gasoline and diesel.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer driving patterns, fuel efficiency, and the fiscal health of state transportation budgets, which is valuable for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and aggregated by the U.S. Census Bureau from state-level tax revenue reports.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this data to assess the impact of fuel prices, vehicle technologies, and transportation policies on consumer behavior and state finances.
Q: Are there update delays or limitations?
A: The data may be subject to periodic revisions and updates from the source agency.
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Citation
U.S. Federal Reserve, National Totals of State Tax Revenue: T13 Motor Fuels Sales Tax for the United States (QTAXT13QTAXCAT2USNO), retrieved from FRED.