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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]
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The US government estimated that pump prices for diesel fuel increased between 5 and 25 cents per US gallon (1.3 and 6.6 ¢/L) as a result of the transition [citation needed] and, according to the American Petroleum Institute, the domestic refining industry has invested over $8 billion to comply with the new regulations.
The Baard Project, to be located in Wellsville and led by Washington-based Baard Energy, in October 2010 announced it will begin construction on a facility to liquify coal into jet and diesel fuel after receiving $2.5 billion for the first phase of the $6 billion project.
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