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Retail store Halfords reported "high" sales of fuel cans. Sales of all cans have soared by 225% compared with this time last year, with motorists buying in "the thousands", while sales of jerry cans are up by more than 500%. [20] The Energy Secretary, Ed Davey urged motorists to "Keep tanks two-thirds full, but don't panic.". [21]
The 2021 United Kingdom fuel supply crisis was a period of a few weeks in which petrol stations in some parts of the UK ran out of fuel. In September 2021, almost 21 years since the last fuel crisis, which took place in September 2000, panic buying of fuel was reported to be caused by media reports of a leaked government briefing discussing the ...
The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
As a result of the war in Ukraine pushing the global barrel price of oil to record highs, fuel prices soared. This resulted in the highest-ever fuel prices recorded in the UK. In early-July 2022, the average price for a litre of diesel reached 199.09p, while the average unleaded price was 191.55p per litre.
A fuel tax (also known as a petrol, gasoline or gas tax, or as a fuel duty) is an excise tax imposed on the sale of fuel. In most countries the fuel tax is imposed on fuels which are intended for transportation. Fuel tax receipts are often dedicated or hypothecated to transportation projects, in which case the fuel tax can be considered a user ...
In North America the fuel is known as "gasoline" or "gas" for short, and the terms "gas station" and "service station" are used in the United States, Canada, and the Caribbean. In some regions of Canada, the term "gas bar" (or "gasbar") is used. In the rest of the English-speaking world the fuel is known as "petrol".
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Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...