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According to the Energy Information Administration (EIA), as of March 2022, factors that affect the price of gasoline in the United States include the price of crude oil per barrel, costs and profits related to refining, distribution, and marketing, and taxes, along with the charge set by refiners for gasoline based on based on octane levels, with higher octane levels—premium grade cost ...
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.
Due to the higher density, diesel fuel offers a higher volumetric energy density: the density of EN 590 diesel fuel is defined as 0.820 to 0.845 kg/L (6.84 to 7.05 lb/US gal) at 15 °C (59 °F), about 9.0-13.9% more than EN 228 gasoline (petrol)'s 0.720–0.775 kg/L (6.01–6.47 lb/US gal) at 15 °C, which should be put into consideration when ...
Most people don't pay attention to diesel fuel prices, but they're up way more than the cost of gasoline and driving the cost of many other things higher. ... November 8, 2022 at 3:19 PM.
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Since January 2023, petrol is taxed at a rate of €0.53799/litre and diesel at a rate of €0.42875/litre, [17] with a VAT of 16% added to the total price. As of 2022, a "maximum fuel price" has been established by the government, capped at €1.534/litre for EURO 95 petrol and at €1.498/litre for diesel since 7 January 2025. [18]
Fossil-fuel subsidies as a share of GDP, 2019. Fossil-fuel pre-tax subsidies are given as a share of total gross domestic product. Fossil fuel subsidies are energy subsidies on fossil fuels. Under a narrow definition, fossil fuel subsidies totalled around $1.5 trillion in 2022. [1] Under more expansive definition, they totalled around $7 ...
2015 – OPIS acquires NAVX, the leading European and South American provider of retail fuel pricing, parking and Electric Vehicle (EV) charging location information. [10] 2016 – IHS acquires OPIS for $650 Million. [11] 2018 - OPIS acquires Petrochem Wire. [12] 2022 - News Corp acquires OPIS and merges it with Dow Jones [13]