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Crude Politics: The California Oil Market, 1900–1940 (U of California Press, 2005). Tompkins, Walker A. Little Giant of Signal Hill: An Adventure in American Enterprise (1964) * Welty, Earl M, and Frank J Taylor. The 76 bonanza: The fabulous life and times of the Union Oil Company of California (1966) 351pp
In 1860, 0.5 million barrels of oil were produced throughout the country. By 1895, the state of California, alone, produced 1.2 million barrels of oil. [17] With the new oil supplies from California—along with increased oil production in Texas and Pennsylvania—the price decreased from $9.60 per barrel in 1860 to $0.25 per barrel in 1895. [18]
Coupons can be used to research the price sensitivity of different groups of buyers (by sending out coupons with different dollar values to different groups). Time, location and sizes (e.g. five pound vs. 20 pound bag) [12] affect prices; coupons are part of the marketing mix. [13] So is knowing about the customer. [14] [12]
It is also operates the Wilmington Oil Field in partnership with California, several smaller fields in Los Angeles County, and the Huntington Beach Oil Field in Orange County, California. As of December 31, 2021, the company had 480 million barrels of oil equivalent (2.9 × 10 9 GJ) of estimated proved reserves, of which 71% was petroleum , 20% ...
There is a permanent moratorium on new offshore oil and gas leasing in California waters and a deferral of leasing in Federal waters. [citation needed] California ranks third in the United States in petroleum refining capacity, behind Texas and Louisiana, and accounts for about 11% of total U.S. capacity, as of 2012. [84]
The Obama administration 2012 fuel economy plan called for a doubling in fuel economy for new cars and light trucks, to more than 50 miles per US gallon (4.7 L/100 km; 60 mpg ‑imp) by 2025, equivalent to a real-world average of 36 miles per US gallon (6.5 L/100 km; 43 mpg ‑imp). In April 2018, saying "those standards are inappropriate and ...
Today, fuel taxes in the United States vary by state. The United States federal excise tax on gasoline is 18.4 cents per US gallon (4.9 ¢/L) and 24.4 cents per US gallon (6.4 ¢/L) for diesel fuel. On average, as of July 2016, state and local taxes add 29.78 cents to gasoline and 29.81 cents to diesel for a total US average fuel tax of 48.18 ...
The average retail price of a liter of petrol in the United Kingdom was 86.4p on October 19, 2006, or $6.13 per gallon. [20] Oil production in Iraq continued to decline as result of the nation's ongoing conflict causing a decrease in production to 1 million barrels per day (160,000 m 3 /d). [21]