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Gas prices within the last 10 years highlight how volatile the market can be. When looking at historical data, gas prices were the same in 2011 as they were in 2023 — $3.52 per gallon.
Boyett Petroleum is a family-owned, independent fuel supplier, distributor, and retailer based in Modesto, California. [1] The company sells gas under the Boyett Petroleum, Cruisers and Kwik Serv brands, distributes to over 500 gas stations in California and Nevada, [1] [2] and supplies diesel directly to a large segment of California’s agricultural community.
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.
93 is widely available in the Chicago area. Elsewhere in Illinois, 93 is offered at Shell and select other stations. Many fuel stations now offer an 88-octane fuel blend that is 15% ethanol, suitable for use in some gasoline-powered automobiles from model year 2001 and newer. Indiana: 87 89 93 Iowa: 87 89 91
While most fuel taxes were initially levied as a fixed number of cents per gallon, as of 2016, nineteen states and District of Columbia have fuel taxes with rates that vary alongside changes in the price of fuel, the inflation rate, vehicle fuel-economy, or other factors. [7] The table below includes state and local taxes and fees.
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In April 2012, Circle K purchased Norway-based Statoil Fuel and Retail ASA and its 2300 fuel stations located in Scandinavia, the Baltics, Poland, and western Russia for $2.8 billion. [31] On February 10, 2014, Modelo Group sold the Tiendas Extra brand of stores to the Mexican franchise of Circle K, Circulo K.
The company has conventional primary, enhanced oil recovery, and unconventional operations in the San Joaquin Basin, Ventura Basin, and Los Angeles Basin and dry gas production in the Sacramento Basin. [1] Its largest holding is the 47,000-acre Elk Hills Oil Field, 20 miles west of Bakersfield, California in the San Joaquin Valley. [1]