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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 highest recorded average price of regular gas was in June 2022 at $5.06 per gallon. Drivers in California currently pay the most for gas at an average of $5.39 per gallon. Hawaii follows close ...
Several studies were made into boronated fuels over the years, starting with the U.S. Army's rocket-related Project HERMES in the late 1940s, the U.S. Navy Bureau of Aeronautics's Project ZIP in 1952, [3] and the U.S. Air Force's Project HEF (High Energy Fuels) in 1955. [8]
Gasoline + Oxygen –> Derived from Gasoline: 13.3 [citation needed] Dinitroacetylene explosive - computed [citation needed] 9.8: Octanitrocubane explosive: 8.5 [6] 16.9 [7] Tetranitrotetrahedrane explosive - computed [citation needed] 8.3: Heptanitrocubane explosive - computed [citation needed] 8.2: Sodium (reacted with chlorine) [citation ...
The national average price for a gallon of gasoline is a little more than $4.72, according to AAA as of July 8. ... to account for inflation to reveal each year's price per gallon in 2022 money ...
(The Center Square) - California gas prices could rise up to $1.15 per gallon next year thanks to the state’s new carbon credit system, taxes, refinery regulations, and refinery shutdown. This ...
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.
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