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The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. [16] [17] 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 program covered model year 2012 to model year 2016 and ultimately required an average fuel economy standard of 35.5 miles per US gallon (6.63 L/100 km; 42.6 mpg ‑imp) in 2016 (of 39 miles per gallon for cars and 30 mpg for trucks), a jump from the 2009 average for all vehicles of 25 miles per gallon. Obama said, "The status quo is no ...
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 wine gallon, which some sources relate to the volume occupied by eight medieval merchant pounds of wine, was at one time defined as the volume of a cylinder 6 inches deep and 7 inches in diameter, i.e. 6 in × (3 + 1 / 2 in) 2 × π ≈ 230.907 06 cubic inches.
1.5 US gallons (5.7 litres) of ethanol has the same energy content as 1.0 US gal (3.8 L) of gasoline. The energy content of ethanol is 76,100 BTU/US gal (5.89 kilowatt-hours per litre), compared to 114,100 BTU/US gal (8.83 kWh/L) for gasoline. (see chart above)
A chart showing the start price, end price, highs and lows of WTI oil prices for each year of the decade. By mid-January 2022, Reuters raised concerns that an increase in the price of oil to $100—which seemed to be imminent—would worsen the inflationary environment that was already breaking 30-year-old records. [122]
When the price of gasoline increases from US$4 per gallon to US$5 per gallon, the number of drivers who benefit from a larger battery increases significantly. If the gas price is US$3 , a plug-in hybrid with a range of 10 mi (16 km) is the least costly option even if the battery cost is $200/kWh.
This discrepancy has large implications; for instance, when converted via the nominal exchange rates, GDP per capita in India is about US$1,965 [5] while on a PPP basis, it is about Int$7,197. [6] At the other extreme, Denmark's nominal GDP per capita is around US$53,242, but its PPP figure is Int$46,602, in line with other developed nations .