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Oil's year-to-date move to the upside has exacerbated upward pressure on prices in recent months. Over a one-month period, US crude rose from $78 to $85 per barrel, accounting for an increase of ...
Drivers who use premium gas are paying $0.07 more this year than last year at $4.42 per gallon. While Americans are currently paying about 15 percent less for gas than in 2022, prices are expected ...
“Compared to this time last month, gasoline in the Pittsburgh market is about 10 cents, 11 cents more expensive because we’ve seen crude oil prices inching upward,” Jim Garrity of AAA East ...
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Federal tax revenue on gasoline and diesel. Federal fuel taxes raised $36.4 billion in Fiscal Year 2016, with $26.1 billion raised from gasoline taxes and $10.3 billion raised from diesel and special motor fuel taxes. [16] The tax was last raised in 1993 and is not indexed to inflation.
Crude oil prices spiked last week amid fears the Israel-Hamas war could broaden to other countries — namely Iran — a key global oil producer.. Despite last week's gains, prices are still ...
As of 2008, there were an estimated 7 million Flex-Fuel capable vehicles on the road in the United States. A recent GM study found that roughly 70 percent of its flex-fuel vehicle owners did not know they could use E85, and fewer than 10 percent did so. [18] Since 2012, the IndyCar Series has utilized E85. [19]
In the U.S., utility gas prices in September were 70% higher than in recent years. Europeans, who already pay much higher for natural gas, saw bills rise sharply by 50% — for example, in Estonia ...