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The Greenpoint oil spill is one of the largest oil spills ever recorded in the United States.Located around Newtown Creek in the Greenpoint neighborhood of Brooklyn, New York City, between 17 and 30 million US gallons (64,000 and 114,000 m 3) of oil and petroleum products have leaked into the soil from crude oil processing facilities over a period of several decades. [1]
The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. [16] [17] 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 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 current national gas price average is $3.62 per gallon. The average cost of gas has decreased 15% in the last two years, from when it was $4.27 per gallon .
New York City's high rate of transit use saved 1.8 billion US gallons (6,800,000 m 3) of oil in 2006 and $4.6 billion in gasoline costs. New York saves half of all the oil saved by transit nationwide. The reduction in oil consumption meant 11.8 million metric tons of carbon dioxide pollution was kept out of the air. [27]
President Joe Biden plans to sell the last portion of a release of 180 million barrels of crude oil from U.S. strategic petroleum reserves by the end of December. ... now at $5.32 per gallon ...
The Energy Information Administration expects prices at the pump to average $3.20 per gallon next year, about $0.10 lower than in 2024. Ines Ferre is a senior business reporter for Yahoo Finance ...
In 2008, oil prices rose briefly, to as high as $145 per barrel, [25] and U.S. gasoline prices jumped from $1.37 to $2.37 per gallon in 2005, [26] causing a search for alternate sources, and by 2012, less than half the US oil consumption was imported. However, as of January 2015, the price of oil has decreased to around $50 per barrel. [27]