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The EIA on Tuesday lowered its forecast for U.S. distillate fuel demand, which includes diesel and heating oil, to 3.83 million barrels a day, about 1% below its prior forecast and a 2.3% decline ...
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]
Website. EIA.gov. The U.S. Energy Information Administration (EIA) is a principal agency of the U.S. Federal Statistical System responsible for collecting, analyzing, and disseminating energy information to promote sound policymaking, efficient markets, and public understanding of energy and its interaction with the economy and the environment.
The price of diesel has also come down, averaging $3.55 a gallon statewide, the lowest since the COVID-19 pandemic. Oil prices inched up a bit this week on concerns about Hurricane Francine’s ...
And gas prices are falling fast, with more to come. All of this is music to the ears of drivers. US gas prices fell to a fresh six-month low of $3.31 a gallon on Thursday, down 50 cents from this ...
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.
Gas prices in South Florida. Miami-Dade: The average price: $3.16 a gallon, down 13.5 cents from last week, according to GasBuddy’s survey of nearly 1,700 stations in the region. Cheapest gas in ...
Petroleum diesel, also called petrodiesel, [23] fossil diesel, or mineral diesel, is the most common type of diesel fuel. It is produced from the fractional distillation of crude oil between 200 and 350 °C (392 and 662 °F) at atmospheric pressure , resulting in a mixture of carbon chains that typically contain between 9 and 25 carbon atoms ...