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The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. [1][2] Proceeds from the tax partly support the Highway Trust Fund. The federal tax was last raised on October 1, 1993, and is not indexed to inflation, which increased 111% from Oct. 1993 until Dec. 2023.
The density of propane gas at 25 °C (77 °F) is 1.808 kg/m 3, about 1.5× the density of air at the same temperature. The density of liquid propane at 25 °C (77 °F) is 0.493 g/cm 3, which is equivalent to 4.11 pounds per U.S. liquid gallon or 493 g/L. Propane expands at 1.5% per 10 °F. Thus, liquid propane has a density of approximately 4.2 ...
The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
In the futures market, natural gas prices soared 10 percent on Tuesday. As for propane, more than two dozen states are facing supply shortages. That's sent prices soaring by as much as 50 percent ...
The price per gallon never topped 90 cents in the closing years of the ’80s — about $2.40 today. A decade later in 1996-97, prices peaked at $1.23, which is almost exactly the same in 2022 ...
One GGE of natural gas is 126.67 cubic feet (3.587 m 3) at standard conditions. This volume of natural gas has the same energy content as one US gallon of gasoline (based on lower heating values: 900 BTU/cu ft (9.3 kWh/m 3) of natural gas and 114,000 BTU/US gal (8.8 kWh/L) for gasoline). [22]