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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. On average, as of April 2019, state and local taxes and fees add 34.24 cents to gasoline and 35.89 cents to diesel, for a total US volume-weighted average fuel tax of 52.64 cents per gallon for gas and 60.29 ...
National average diesel prices slid to $3.56 a gallon by Sept. 9, down 32 cents from the start of the year and the lowest level since Oct. 2021, according to EIA data.
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]
Crude is a smaller share of gasoline and diesel prices in Europe because fuel taxes are much higher there. Average U.S. pump prices are still well below the record $5 per gallon seen in summer ...
Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
Southern and Midwest states have some of the lowest prices in the country right now, with gas in Louisiana and Mississippi at $2.72. Texas, Arkansas, and Missouri drivers are paying just $2.76.
With a VAT rate of 20%, the percent of the total price of gasoline that came from taxes was 63.9% [12] The excise tax on diesel fuel was €0.531 per liter (€0.5307 to €0.5631). With the 20% VAT, 59.3% of the total cost of diesel fuel was taxes. [13]
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 ...