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Gasoline and Diesel nominal price development 1993 to 2014 in Switzerland (CHF/L). Most European countries have higher fuel taxes than the US, but Russia and some neighboring countries have a much smaller tax, with fuel prices similar to the US. [1] Competitive petrol pricing in the UK is led by supermarkets with their own forecourts.
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Figures from the Department for Business, Energy and Industrial Strategy show average pump prices for a litre of fuel on Monday were 180.3p for diesel and 163.8p for petrol.
The first US state to tax fuel was Oregon, introduced on February 25, 1919. [4] It was a 1¢/gal tax. [5] In the following decade, all of the US states (48 at the time), along with the District of Columbia, introduced a gasoline tax. By 1939, many states levied an average fuel tax of 3.8¢/gal (1¢/L).
The price of diesel has skyrocketed since the outbreak of the Russia-Ukraine war. Diesel averages hit their highest level since 1994 in mid-March. Whitaker says he used to charge around $5/mile on ...
Diesel fuel prices are rising. That could pose a problem for retailers going into the the fall months. Rising diesel prices a 'hidden tax' on consumers as energy stokes inflation worries [Video]
In 1952, due to a strike by US oil refinery workers, both the US and the United Kingdom cut 30% of fuel delivery to civilian flights, while Canada postponed all private flights. Until the 1960s, the price of oil was relatively stable, and the world market could cover the excess demand of oil in the U.S.
The US energy market is complex and there’s no single cause for higher diesel prices. Part of the explanation is a 4% reduction in diesel refining capacity that began in 2020, when oil prices ...