U.S. oil companies spent less on interest over the last decade despite higher rates
Higher oil prices, increased drilling efficiency, and structurally lower debt needs have contributed to lower interest expenses for some publicly traded U.S. oil companies over the past decade, despite the level of interest rates across the economy being relatively high.
Average state tax rates for retail gasoline and diesel fuel nearly flat since July 2024
As of January 1, 2025, state taxes and fees on gasoline and diesel fuel averaged $0.33 per gallon (gal) of gasoline and $0.35/gal of diesel fuel, according to our table on federal and state motor fuel taxes.