The excise tax that provided the main source of revenue to fund the federal Oil Spill Liability Trust Fund expired on December 31, 2018, meaning the 9 cents per barrel excess tax on all U.S. refineries is NOT in effect for 2019.
A bill extending the excise tax has been introduced in November of 2018 therefore in the event the tax is reinstated, OPIS is keeping the informational tables below in place. Where OPIS has learned that suppliers continue to collect the costs associated with the Oil Spill Liability Fee as an invoice line item, the supplier listed has been bolded. OPIS has observed that some suppliers have changed their method for collection after 1/1/19 and we will continue to update the list as we receive updates.
The federal excise tax was enacted originally as part of the Oil Pollution Act of 1990 and the Oil Spill Liability Trust Fund serves to cover some of the expense of dealing with oil spills.
As of January 1, 2017, the “Oil Spill Liability Trust Fund Fee” is 9cts/bbl (0.0021cts/gal).
Some suppliers are reflecting the tax as a “separate line item” on invoicing, while other refiners have chosen to include the fee as part of the posted price of product and will not reflect any distinct line item fees.
See the list below for further details. The supplier listing will be updated as OPIS learns of changes. Last updated 12/28/2018.
OPIS “Commercial Airline Jet Prices” do not include an “Oil Spill” separate line item.
Price per Gallon