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Federal tax revenue on gasoline and diesel. Federal fuel taxes raised $36.4 billion in Fiscal Year 2016, with $26.1 billion raised from gasoline taxes and $10.3 billion raised from diesel and special motor fuel taxes. [16] The tax was last raised in 1993 and is not indexed to inflation.
Retail markup over crude oil and wholesale gasoline, 2014–2019 Oil, gas, and diesel prices RBOB Gasoline Prices. In 2008, a report by Cambridge Energy Research Associates stated that 2007 had been the year of peak gasoline usage in the United States, and that record energy prices would cause an "enduring shift" in energy consumption practices. [6]
Low speed diesel engines like the MAN S80ME-C7 have achieved an overall energy conversion efficiency of 54.4%, which is the highest conversion of fuel into power by any single-cycle internal or external combustion engine. [9] [10] [11] Engines in large diesel trucks, buses, and newer diesel cars can achieve peak efficiencies around 45%. [12]
Oil prices have risen, meaning drivers are paying more for gasoline and truckers and farmers more for diesel. ... Refineries also are choosing to produce jet fuel instead, chasing profits as air ...
Kerosene is sometimes used as an additive in diesel fuel to prevent gelling or waxing in cold temperatures. [54] Ultra-low sulfur kerosene is a custom-blended fuel used by the New York City Transit Authority to power its bus fleet.
#2 Heating oil price, 1986–2022 Kerosene inventory stock levels (United States), 1993–2022. Heating oil is known in the United States as No. 2 heating oil. In the U.S., it must conform to ASTM standard D396. Diesel and kerosene, while often confused as being similar or identical, must each conform to their respective ASTM standards. [3]
Jet fuel vs oil prices Kerosene jet fuel refining has to compete with Diesel fuel and gasoline at the refineries when refining petroleum products . [ 24 ] Jet fuel topped $5 a gallon in 2022.
Diesel fuel is often used as the main ingredient in oil-base mud drilling fluid. [51] The advantage of using diesel is its low cost and its ability to drill a wide variety of difficult strata, including shale, salt and gypsum formations. [51] Diesel-oil mud is typically mixed with up to 40% brine water. [52]