In 2015, how much was the federal fuel tax on each gallon of gasoline?
Answer: B — 18.4 cents
The federal fuel tax on each gallon of gasoline in 2015 was 18.4 cents. This rate has remained consistent since 1993, when it was last adjusted. The revenue generated from this tax is primarily used to fund transportation infrastructure projects, including road maintenance and construction. Understanding the federal fuel tax is essential for those in the trucking industry, as fuel costs are a significant part of operational expenses, and this tax directly influences pricing at the pump. Additionally, knowing the fuel tax rate can assist trucking professionals in budgeting and managing their costs effectively.