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The Federal mileage rate as of February-2012 is 55.5 cents per mile, however with gas prices currently soaring due to Iran's Dictatorship threatening war and cutting off energy supplies from the Persian Gulf, gasoline and general energy prices continue climbing quickly, thus there will likely have to be an adjusted increase in the Federal mileage rate, to keep up with soaring energy inflation.

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Q: What is the current federal mileage rate?
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