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News articleYahoo Finance· June 13, 2026
Fuel Tax Changes Hit Six States As Energy Inflation Accelerates
View original at finance.yahoo.comFuel Tax Changes Hit Six States As Energy Inflation Accelerates Oil markets extended their decline on Friday, with crude prices falling sharply after U.S…
What we drew from this source
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California maintains the highest state-based excise tax rate for gasoline in the country, with total fuel fees collected per gallon exceeding 70 cents.
60% confidenceA peace agreement with Iran is close and previously threatened military strikes have been canceled.
60% confidenceLower oil costs and improving refinery runs are keeping downward pressure on gasoline prices, but the future of prices remains murky; with the Strait of Hormuz remaining effectively closed, global oil supplies continue to tighten and any further deterioration could send prices sharply higher.
60% confidence
