Keyword Analysis & Research: national fuel surcharge today

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How do you calculate a fuel surcharge?

To use the formula to calculate your fuel surcharge, subtract your fuel threshold amount from the actual price per gallon and divide that amount by vehicle’s miles per gallon. This gives you your per-mile surcharge amount.

How to calculate a fuel surcharge?

How to Calculate an Accurate Fuel Surcharge 1. Subtract the base fuel price from the current fuel price, for example: (133.6 - 121.9), where 121.9 is the base fuel price and 133.6 is the current price. 2. ... 3. ... In this case, the fuel surcharge (for a typical one-month period) is 1.6 percent, the amount that is added to a published rate.

What is the federal gasoline excise tax rate?

The federal gasoline excise tax is 18.4 cents per gallon as of 2020. This tax pays for infrastructure projects and mass transportation costs, and it includes a 0.1 cent per gallon fee that goes to the Leaking Underground Storage Tank trust fund.

What is the average cost of gasoline?

U.S. regular retail gasoline prices averaged \$2.60 per gallon (gal) in 2019, 11 cents/gal (4%) lower than in 2018. Gasoline prices rose steadily during the first quarter of the year, rising from \$2.24 on January 7 to \$2.90/gal on May 6, before gradually declining through the rest of the year.