Question of the Day

How much do federal subsidies for petroleum production subsidize a gallon of gasoline?

Correct Answer

Tell Me More

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 & Subsidies Energy Taxes