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One GGE of natural gas is 126.67 cubic feet (3.587 m 3) at standard conditions. 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]
The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
[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.
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 ...
When burned, one liter (0.26 U.S. gal) of gasoline emits about 2.3 kilograms (5.1 lb) of CO 2, a greenhouse gas, contributing to human-caused climate change. [ 88 ] [ 89 ] Oil products, including gasoline, were responsible for about 32% of CO 2 emissions worldwide in 2021.
Heating oil produces 137,500 British thermal units per US gallon (38.3 MJ/L) to 138,700 British thermal units per US gallon (38.7 MJ/L) and weighs 8.2 pounds per US gallon (0.95 kg/L). [2] Number 2 fuel oil has a flash point of 52 °C (126 °F).
LPG has a typical specific calorific value of 46.1 MJ/kg compared with 42.5 MJ/kg for fuel oil and 43.5 MJ/kg for premium grade petrol (gasoline). [14] However, its energy density per volume unit of 26 MJ/L is lower than either that of petrol or fuel oil, as its relative density is lower (about 0.5–0.58 kg/L, compared to 0.71–0.77 kg/L for ...
The United States federal excise tax on gasoline is 18.4 cents per US gallon (4.9 ¢/L) and 24.4 cents per US gallon (6.4 ¢/L) for diesel fuel. On average, as of July 2016, state and local taxes add 29.78 cents to gasoline and 29.81 cents to diesel for a total US average fuel tax of 48.18 cents per US gallon (12.73 ¢/L) for gas and 54.21 ...