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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.
#2 Heating oil price, 1986–2022 Kerosene inventory stock levels (United States), 1993–2022. Heating oil is known in the United States as No. 2 heating oil. In the U.S., it must conform to ASTM standard D396. Diesel and kerosene, while often confused as being similar or identical, must each conform to their respective ASTM standards. [3]
As such, increase in the price of kerosene can have a major political and environmental consequence. The Indian government subsidizes the fuel to keep the price very low, to around 15 U.S. cents per liter as of February 2007, as keeping the price low discourages dismantling of forests for cooking fuel. [48]
The United States synthetic fuels industry collapsed when oil prices fell in the early 1980s. On 2 May 1982, known as "Black Sunday", Exxon canceled its US$5 billion Colony Shale Oil Project near Parachute, Colorado because of low oil-prices and increased expenses, laying off more than 2,000 workers and leaving a trail of home-foreclosures and ...
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The price of regular unleaded gas on average was $3.063 per gallon on Tuesday, down from $3.183 a month ago and $3.313 a year ago, according to AAA. This story has been updated with new information.
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