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The EIA on Tuesday lowered its forecast for U.S. distillate fuel demand, which includes diesel and heating oil, to 3.83 million barrels a day, about 1% below its prior forecast and a 2.3% decline ...
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 ...
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]
The price of diesel has also come down, averaging $3.55 a gallon statewide, the lowest since the COVID-19 pandemic. ... in December 2022 and December 2023. Thursday’s average was $2.97 a gallon ...
Reasons for banning the further sale of fossil fuel vehicles include: reducing health risks from pollution particulates, notably diesel PM10s, and other emissions, notably nitrogen oxides; [8] meeting national greenhouse gas, such as CO 2, targets under international agreements such as the Kyoto Protocol and the Paris Agreement; or energy independence.
Brent is the leading global price benchmark for Atlantic basin crude oils. It is used to set the price of two-thirds of the world's internationally traded crude oil supplies. It is one of the two main benchmark prices for purchases of oil worldwide, the other being West Texas Intermediate (WTI).
Writing in a note to clients late last month, Goldman Sachs's equity strategy team wrote: "We forecast a lower path for stocks in the near term as rates rise. But the tightening cycle will end in ...
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