Platts to reinstate Superfund excise tax for NYH gasoline cargo assessments from Jan. 3

Platts, part of S&P Global Commodity Insights, will reinstate the US excise tax that funds the federal Hazardous Substance Superfund, known as the petroleum Superfund tax, as part of its assessments of gasoline cargoes delivered in New York Harbor with effect from Jan. 3, 2023.

Platts first proposed the tax reinstatement in a subscriber note published Dec. 7, 2022, which can be found here.

The tax, which goes into effect Jan. 1, 2023, will be applied at a rate of $0.164/barrel (0.39 cent/gal) on domestic crude oil and imported refined products. The tax previously expired in 1995.

The only Platts assessments that will include the Superfund fee will be the New York "inside duty and RINs" gasoline cargo assessments and the corresponding Duty+RINs assessments.

In addition to the petroleum Superfund tax, these assessments include the costs of RINs credits, as well as a Harbor Maintenance Fee, Merchandising Process Fee, Spill Tax, and duty.

The following assessments will be impacted by the addition of the Superfund tax:

For questions or comments about this proposal, 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.