Search results
Results from the WOW.Com Content Network
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]
No. 1 fuel oil No. 1 distillate No. 1 diesel fuel Kerosene: Jet fuel: Distillate 9-16 No. 2 fuel oil No. 2 distillate No. 2 diesel fuel: Road diesel Rail diesel Marine gas oil Distillate 10-20 No. 3 fuel oil No. 3 distillate No. 3 diesel fuel Marine diesel oil Distillate No. 4 fuel oil No. 4 distillate No. 4 residual fuel oil Bunker A
Kerosene for use in aviation : Generally, kerosene is taxed at $0.244 per gallon unless a reduced rate applies. [citation needed] For kerosene removed directly from an on-airport terminal (ramp) directly into the fuel tank of an aircraft for use in non-commercial aviation, the tax rate is $0.219.
One of the most important factors affecting the crack spread is the relative proportion of various petroleum products produced by a refinery. Refineries produce many products from crude oil, including gasoline, kerosene, diesel, heating oil, aviation fuel, bitumen and others. To some degree, the proportion of each product produced can be varied ...
Graph of oil prices from 1861 to 2007, showing a sharp increase in 1973, and again in 1979. The orange line is adjusted for inflation. Independently, the OPEC members agreed to use their leverage over the world price-setting mechanism for oil to stabilize their real incomes by raising world oil prices. This action followed several years of ...
Due to the 1973 oil crisis, the Navy and the Office of Naval Petroleum and Oil Shale Reserves started evaluations of oil shale's suitability for military fuels, such as jet fuels, marine fuels and a heavy fuel oil. Shale-oil based JP-4 jet fuel was produced until the early 1990s, when it was replaced with kerosene-based JP-8. [4] In 1974 the ...
Final Take To GO. The highest gas prices in U.S. history may have occurred in 2022, but the future of what you will pay at the pump remains ominous for the rest of 2023 and for the next several years.
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 ...