Search results
Results from the WOW.Com Content Network
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.
AAA Texas, which monitors average gas prices across the state, reported the average price for a gallon of unleaded gas in Texas was $2.93 on Tuesday, while the reported national average was $3.45.
A year ago, the average gas price in Texas was $2.80 per gallon, representing a 25% annual increase. The average gas price in the United States last week was $4.04, making prices in Texas about 13 ...
The price as at 20 January 2022, on the U.S. Henry Hub index, is US$3.87/ MMBtu ($13.2/ MWh). [4] The highest peak (weekly price) was US$14.49/MMBtu ($49.4/MWh) in January 2005. [5] The 2012 surge in fracking oil and gas in the U.S. resulted in lower gas prices in the U.S. This has led to discussions in Asian oil-linked gas markets to import ...
Texas gas utilities were permitted by the Railroad Commission to issue bonds to cover what they paid to suppliers, to be paid off by customers. Municipal gas companies have also added surcharges to bills. [22] On February 16, 2021, the Texas PUC set wholesale electricity prices at $9,000 per megawatt-hour to, according to the commission ...
According to data from AAA, gas prices in Texas are nearing the national average. While the average price of regular gas in the United States is $3.63 per gallon, Texas residents pay an average of ...
In Texas, the cheapest average price of gas is in Laredo, where it costs $3.98, the only city in the U.S. with an average under $4. The most expensive average price of gas is in El Paso, where it ...
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]