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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]
It is difficult to compare the cost of gasoline with other fuels if they are sold in different units and physical forms. ... Diesel #2 [11] 0.8803 113.6% 129,500 37. ...
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.
The average cost of gas has decreased 15% in the last two years, from when it was $4.27 per gallon. The highest recorded average price of regular gas was in June 2022 at $5.06 per gallon.
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:
Most petrol (gasoline, Otto cycle) and diesel (Diesel cycle) engines have an expansion ratio equal to the compression ratio. Some engines, which use the Atkinson cycle or the Miller cycle achieve increased efficiency by having an expansion ratio larger than the compression ratio. Diesel engines have a compression/expansion ratio between 14:1 ...
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 ...
9 2025 SUVs that Are Gas Guzzlers and Aren’t Worth the Cost. Laura Beck. December 22, 2024 at 7:00 AM. ... Find Out: 5 Used Cars With the Best Gas Mileage To Buy in 2025.