Originally Posted By: the G-man
Taxes, including federal and local, account for about 31 percent of the total price of gas in the United States. Federal excise taxes are 18.4 cents per gallon, and state excise taxes average 20 cents per gallon. There may also be some additional state sales taxes, as well as local and city taxes. In Europe, gas prices are far higher than in America because taxes on gas are much higher. For example, gas prices in England have risen as high as $6 per gallon, with 78 percent of that going to taxes.

Gas prices also vary from state to state for several reasons. Taxes are probably the biggest factor in the different prices around the country.


John McCain wants a federal gas tax holiday from Memorial Day to Labor Day.

Hillary's amenable to the idea; Obama calls it a "bad idea."