Ohio Tax Department Publishes Quarterly Average Wholesale Prices for Petroleum Activity Tax Gross Receipts Calculation

The Ohio Department of Taxation Dec. 1 published the statewide average wholesale prices used to determine the calculated gross receipts of a supplier subject to the petroleum activity tax for the period beginning Jan. 1, 2024, through March 31, 2024, for excise tax purposes. The averages shouldn’t be used to determine the calculated gross receipts for any other period. The averages are: 1) $2.626 per gallon of unleaded regular gasoline; 2) $2.838 per gallon of diesel fuel; and 3) $0.618 per gallon of propane. [Ohio Dep’t of Tax’n, Average Wholesale Prices - Petroleum Activity Tax (PAT) Calculated Gross Receipts, 12/01/23] ...