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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 ...
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.
This enables a roof to be built without weak points. Since flashing is expensive to replace if it fails, copper's long life is a major cost advantage. [10] [11] Cold rolled (to 1/8-hard temper) copper is recommended for most flashing applications. This material offers more resistance than soft copper to the stresses of expansion and contraction.
The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. [ 1 ] [ 2 ] Proceeds from the tax partly support the Highway Trust Fund . 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.
Gasoline gallon equivalent (GGE) or gasoline-equivalent gallon (GEG) is the amount of an alternative fuel it takes to equal the energy content of one liquid gallon of gasoline. GGE allows consumers to compare the energy content of competing fuels against a commonly known fuel, namely gasoline.
Depending on the diameter of the log, cuts are made from 4 + 1 ⁄ 2 to 6 + 1 ⁄ 2 inches (110 to 170 mm) deep along the full length of the log. Each time the log turns for the next cut, it is rotated 5 ⁄ 8 inch (16 mm) until it has turned 360°. This gives the radially sawn clapboard its taper and true vertical grain.
A $1.2 billion settlement trust was established in 1998 to settle claims arising from asbestos-containing products manufactured by both Celotex and Philip Carey. Celotex emerged from Chapter 11 in 1996.