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Federal gasoline tax is $0.184 per gallon, and the average of state taxes is $0.324 per gallon. All of these factors together make up the price of gasoline, no matter where you live in the United ...
The current decline is notable given prices at the pump are about $0.30 lower than a year ago, when oil was hovering around the same levels as today.
Gasoline and Diesel nominal price development 1993 to 2014 in Switzerland (CHF/L). Most European countries have higher fuel taxes than the US, but Russia and some neighboring countries have a much smaller tax, with fuel prices similar to the US. [1] Competitive petrol pricing in the UK is led by supermarkets with their own forecourts.
Just take look at gasoline for proof, OPIS global head of energy analysis Tom Kloza told Yahoo Finance Live. "Demand is quite weak. It's lower than last year for gasoline," he said (see video above).
On April 24, gasoline was $3.85 compared to $3.86 a year earlier; it had been two years since gas prices were lower than the previous year. Crude oil prices were down; West Texas Intermediate was $103.55 a barrel, [72] down from over $107 late in March, [73] and Brent Crude $118.16 [72] after peaking above $128 in March. [74]
Businesses in Central, Southern and Eastern Europe reported a higher rate of energy consumption increases of 25% or more than the EU average (77% vs. 68%). [35] Energy savings and energy efficiency were most often mentioned as responses to the energy shock by businesses in Europe, but they were less likely to renegotiate their energy contracts.
As of Friday, California has clocked the highest prices at the pump, while Texas has seen some of the lowest. Californians are paying about $2 more for a gallon of gas than… Why gas is so much ...
Today, fuel taxes in the United States vary by state. The United States federal excise tax on gasoline is 18.4 cents per US gallon (4.9 ¢/L) and 24.4 cents per US gallon (6.4 ¢/L) for diesel fuel. On average, as of July 2016, state and local taxes add 29.78 cents to gasoline and 29.81 cents to diesel for a total US average fuel tax of 48.18 ...