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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.
Gasoline gallon equivalent (GGE) or gasoline-equivalent gallon (GEG) is the amount of an alternative fuel it takes to equal the energy content of one liquid gallon of gasoline. GGE allows consumers to compare the energy content of competing fuels against a commonly known fuel, namely gasoline. It is difficult to compare the cost of gasoline ...
Gasoline in a glass jar. Petrol or gasoline is a petrochemical product characterized as a transparent, yellowish, and flammable liquid normally used as a fuel for spark-ignited internal combustion engines. When formulated as a fuel for engines, gasoline is chemically composed of organic compounds derived from the fractional distillation of ...
A Gallon of Gas. According to a May 2 analysis from Yahoo Finance senior columnist Rick Newman, the average gas price was $2.47 per gallon when Trump took office in January 2017. The average for ...
Average Cost of a Gallon of Gas. The worldwide average cost for a gallon of gas is $4.90. Keep reading to find out how the countries with some of the least and most expensive prices for gasoline ...
The song was the second single released from "Low Budget", and is one of two singles from the album to be released in America but not in Britain (the other being "Catch Me Now I'm Falling"). The single version was longer than the album version. [ 2] It was backed with "Low Budget". In addition to its release as a single in America, the single ...
The national average price for a gallon of gasoline is a little more than $4.72, according to AAA as of July 8. The pump pain is more or less acute depending on your region, but overall ...
The energy obtainable from burning one US gallon of gasoline is 115,000 BTU, 33.70 kWh, or 121.3 MJ. [8] To convert the mile per gallon rating into other units of distance per unit energy used, the mile per gallon value can be multiplied by one of the following factors to obtain other units: 1 MPGe.