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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]
They determined that the cost of a ton of oil fuel used in steam engines was $5.04 and yielded 20.37 train miles system wide on average. Diesel fuel cost $11.61 but produced 133.13 train miles per ton. In effect, diesels ran six times as far as steamers utilizing fuel that cost only twice as much.
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.
Compare costs: New vs. used cars There are options for scouting out your purchase, whether new or used. You can find new cars at a local dealership or by searching on sites like Autotrader or Edmunds.
The miles per gallon equivalent cost of an alternative fuel vehicle can be calculated by a simple formula to directly compare the MPG operating costs (rather than the energy consumption of MPGe [7]) with traditional vehicles since the cost of resources varies substantially from region to region. [5] [4] For reference, the complete equation is:
On average, it costs half as much to drive an electric vehicle, according to the U.S. Department of Energy -- and that's presuming a cost of $2.85 per gallon. But with gas prices now averaging ...
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 ...
(This is given by the change in Gibbs free energy, and is around 45.7 MJ/kg for gasoline.) The actual amount of mechanical work obtained from fuel (the inverse of the specific fuel consumption) depends on the engine. A figure of 17.6 MJ/kg is possible with a gasoline engine, and 19.1 MJ/kg for a diesel engine.