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As infrastructure construction costs have grown and vehicles have become more fuel efficient, the purchasing power of fixed-rate gas taxes has declined (i.e., the unchanged tax rate from 1993 provides less real money than it originally did, when adjusted for inflation). [19]
“As we go into winter, we want to have certainty that our pipeline infrastructure and storage facilities are prepared for what the winter might bring us,” SoCalGas senior vice president Rodger ...
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.
"It has everything to do with the seasons and if there are no hurricanes, we could see a lot more prices before $3 a gallon as we get into months like October and November." Why are gas prices so ...
(Reuters) - U.S. natural gas prices are surging, with the benchmark futures contract rising to a 13-year high of $8.74 per million British thermal units, at a time when that fuel's price tends to ...
For the consumer, the price of natural gas, gasoline (petrol) and diesel for cars and other vehicles rises. An early response from stakeholders is the call for reports, investigations and commissions into the price of fuels. There are also movements towards the development of more sustainable urban infrastructure.
The dual tax on gasoline sets California apart: Most states do not have a sales tax on gasoline. Compare the current average gas price in California at $4.49, to lower-taxed southern states like ...
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