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UK filling stations collected more than £27 billion in fuel duty in 2014–15. Hydrocarbon Oil Duty (also fuel duty and fuel tax) is a fuel tax levied on some fuels used by most road motor vehicles in the United Kingdom; with exceptions for local bus services, some farm and construction vehicles and aviation, which pay reduced or no fuel duty.
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.
On average, as of July 2016, state and local taxes add 29.78 cents to gasoline and 29.81 cents to diesel for a total US average fuel tax of 48.18 cents per US gallon (12.73 ¢/L) for gas and 54.21 cents per US gallon (14.32 ¢/L) for diesel. [29]
But the average price of a litre of petrol at UK forecourts has fallen by just 3.7p per litre. Figures from data firm Experian Catalist show the average price per litre on Sunday was 163.6p ...
Dependence on Russia for much of its oil and gas combined with general inflation has led to price increases for Latvia. Prices are $1.67 per gallon higher than the world average.
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.
Gas prices in the UK have more than a doubled in the space of a week, according to new official data. The Office for National Statistics (ONS) found that the System Average Price (SAP) of gas rose ...
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 ...