The Secretary announces that the 2024 tax rates for alternative fuels are as follows:

Alternative Rate of Conversion Tax Rate per Gallon
Fuel (Liquids) (BTU/Gal of of Alternative Fuel
Alternative Fuel)
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Ethanol 76,330 $0.384
Methanol 57,250 $0.289
Propane/LPG 84,250 $0.425
E-85 82,056 $0.413
M-85 65,838 $0.332
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Electricity 3,414 BTU/kWh $.0172/kWh
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Alternative GGE Equivalent Tax Rate per GGE
Fuels under to One Gallon
GGE Formula
(Gaseous)
of Gasoline
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CNG    1 $0.576
Hydrogen    1 $0.576
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Alternative DGE Equivalent Tax Rate per DGE
Fuels under to One Gallon
DGE Formula
(1 DGE = 1.7 gallons)
of Diesel
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LNG    1 $0.648