Monday, February 2, 2015

Gas Price - how much is tax?

Check out this year-old article and map from ExxonMobil about gas prices. While you're at it, think about the price of gas a year ago - and now.

On February 19, 2014, I paid $3.519 for a gallon of Regular gas in Woodstock. (No, I did not buy just one gallon). Yesterday at the Shell station on Eastwood Dr., a gallon of Regular gas would have set you back only $2.199 (source:

Now look at the ExxonMobil gas price map. Taxes are per gallon, not a percentage of the price. So, if Federal, State and Local taxes in Illinois average 57.50¢/gallon in Illinois, the difference is what you are paying for the gas itself, including delivery to your gas station.

By the way, yesterday there was a 10¢/gal. spread in gas prices right in Woodstock. Use the GasBuddy website and app to find the best price on gas. And don't forget to be a good shopper and also post the prices that you see.

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