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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]
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.
With a VAT rate of 20%, the percent of the total price of gasoline that came from taxes was 63.9% [12] The excise tax on diesel fuel was €0.531 per liter (€0.5307 to €0.5631). With the 20% VAT, 59.3% of the total cost of diesel fuel was taxes. [13]
“The average cost to operate an EV in the United States is $485 per year, while the average for a gasoline-powered vehicle is $1,117,” said a study by the University of Michigan’s ...
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They determined that the cost of a ton of oil fuel used in steam engines was $5.04 and yielded 20.37 train miles system wide on average. Diesel fuel cost $11.61 but produced 133.13 train miles per ton. In effect, diesels ran six times as far as steamers utilizing fuel that cost only twice as much.
Tight refining supply has kept the gap wide between wholesale gasoline futures and retail prices, currently at about $1.25 a gallon, far exceeding the average of 88 cents over the past five years.
To avoid said confusion, and to be able to compare the energy efficiency in any type of vehicle, experts tend to measure the energy in the International System of Units, i.e., joules. Therefore, in the International System of Units, the energy efficiency in transport is measured in terms of metre per joule, or m/J, while the energy consumption ...