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In early 2020 the gas price has dropped down to a national average of $1.73 a gallon. [11] In 2021, the average price increased to $3.01/gallon. [12] By the end of June 2022, the price of gasoline reached a record high of over $5/gallon with some places reporting $6/gallon. [13]
A cost estimate is the approximation of the cost of a program, project, or operation. The cost estimate is the product of the cost estimating process. The cost estimate has a single total value and may have identifiable component values. A problem with a cost overrun can be avoided with a credible, reliable, and accurate cost estimate. A cost ...
In maple syrup production from Acer saccharum, the sap is extracted from the trees using a tap placed into a hole drilled through the phloem, just inside the bark. The collected sap is then boiled. As the sap boils, the water evaporates and the syrup is left behind. Forty gallons of maple sap produces 1 gallon of syrup.
[6] [7] Miles per gallon equivalent cost for alternate fuel can be calculated with a simple conversion to the conventional mpg (miles per gallon, miles/gal). See conversion to MPG by cost below. The MPGe metric was introduced in November 2010 by EPA in the Monroney sticker of the Nissan Leaf electric car and the Chevrolet Volt plug-in hybrid.
This volume of natural gas has the same energy content as one US gallon of gasoline (based on lower heating values: 900 BTU/cu ft (9.3 kWh/m 3) of natural gas and 114,000 BTU/US gal (8.8 kWh/L) for gasoline). [22] One GGE of CNG pressurized at 2,400 psi (17 MPa) is 0.77 cubic feet (22 litres; 5.8 US gallons).
A Allocation of costs is the transfer of costs from one cost item to one or more other cost items. Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. B Basis of estimate (BOE) - a document which describes the scope basis, pricing basis, methods ...
For example, the cycle average value of BSFC for a gasoline engine is 322 g/(kW⋅h), translating to an efficiency of 25% (1/(322 × 0.0122225) = 0.2540). Actual efficiency can be lower or higher than the engine’s average due to varying operating conditions.
Calculating how much should be invested in an asset in order to achieve a desired result (i.e., purchasing a storage tank with a 20-year life, as opposed to one with a 5-year life, in order to achieve a similar EAC). [11] Comparing to estimated annual cost savings, in order to determine whether it makes economic sense to invest. [12]