SUBSCRIBER NOTE: Spill tax no longer applied to New York gasoline cargoes

The US excise tax that funded the federal Oil Spill Liability Trust Fund, known as the spill tax, expired on December 31, 2018, and has subsequently been removed from the calculations used in a number of S&P Global Platts assessments of gasoline cargoes delivered in New York Harbor, as of January 9.

The tax was previously applied at a rate of $0.09/barrel on refined product imports, crude oil received at a US refinery and crude exports.

The only Platts assessments that included the spill tax were the New York "inside duty and RINS" gasoline cargo assessments.

After the removal of the spill tax, these assessments still include the costs of RINs credits as well as a Harbor Maintenance Fee, Merchandising Process Fee and duty.

The following assessments have been impacted by the removal of the spill tax:

New York cargo Code Unleaded 87 AAMHG00 Unleaded 89 AAMIW00 Unleaded 93 AAMIZ00 CBOB AAWBK00 Prem CBOB AAWLD00 Unl RBOB AAVKS00 Prem RBOB AAVKT00

If the spill tax is reinstated, the corresponding fee will again be included in the assessments.

For questions or comments, please contact americas_products@spglobal.com with a copy to pricegroup@spglobal.com. For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.