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How much do federal subsidies for petroleum production subsidize a gallon of gasoline?
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Federal subsidies for petroleum production subsidize about 1 cent per gallon of gasoline. For comparison, the federal government subsidizes ethanol at a rate of about 47 cents per gallon and biodiesel at a rate of about $1.94 gallon. The federal government also imposes an excise tax of 18 cents per gallon of gasoline.
DocumentationFuel Costs & SubsidiesEnergy Taxes
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