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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.
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.
Camphene / alcohol blends (at $.50 per gallon) were cheaper than whale oil ($1.30 to $2.50 per gallon) and lard oil (90 cents per gallon). It was about the same price as coal oil, which was the product first marketed as "kerosene." [5] In 1860, German inventor Nicolaus Otto uses ethyl alcohol as a fuel in an early internal combustion engine. [6]
Grade 2 diesel fuel is available with 2 different sulfur levels depending on the population density of the location where it is retailed. Grade 3 diesel fuel, also known as GASOIL ULTRA, is the highest quality diesel fuel and is supposed to be available starting February 1, 2006. Sale of Grade 3 diesel at retail outlets is optional until 2008.
The British Aerospace Harrier II is a second-generation vertical/short takeoff and landing (V/STOL) jet aircraft used previously by the Royal Air Force (RAF) and, between 2006 and 2010, the Royal Navy (RN). The aircraft was the latest development of the Harrier family, and was derived from the McDonnell Douglas AV-8B Harrier II.
Gasoline in a glass jar. Gasoline (North American English) or petrol (Commonwealth English) 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 ...
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For Monroney fuel economy the equation is. where. is expressed as miles per gallon gasoline equivalent (as shown in the Monroney label) E G = {\displaystyle E_ {G}=} energy content per gallon of gasoline = 115,000 Btu /gallon, as set by U.S. DoE and reported by the Alternative Fuel Data Center.