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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.
Liquefied petroleum gas. Liquefied petroleum gas, also referred to as liquid petroleum gas (LPG or LP gas), is a fuel gas which contains a flammable mixture of hydrocarbon gases, specifically propane, n -butane and isobutane. It can sometimes contain some propylene, butylene, and isobutene. [1][2][3]
The price as at 20 January 2022, on the U.S. Henry Hub index, is US$3.87/ MMBtu ($13.2/ MWh). [4] The highest peak (weekly price) was US$14.49/MMBtu ($49.4/MWh) in January 2005. [5] The 2012 surge in fracking oil and gas in the U.S. resulted in lower gas prices in the U.S. This has led to discussions in Asian oil-linked gas markets to import ...
Natural gas prices are soaring and propane is in short supply in some areas -- meaning the cost to heat our homes is spiking higher. In the futures market, natural gas prices soared 10 percent on ...
Updated April 19, 2024 at 7:00 AM. At the time of writing, the national average price of regular gas is $3.62 per gallon, $0.02 higher than this time last year. Drivers who use premium gas are ...
The national gas average on Friday sat at $3.53 per gallon, nearly $0.10 higher than a year ago, ... , the international benchmark price, traded near the $85 level. Brent and WTI have gained about ...