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The cost analysis was based on a typical mileage of 7,400 miles per year. Fuel costs were calculated using the current average prices of 182.3p per litre for petrol and 188.1p per litre for diesel.
In the example provided by the US DoE in its final rule, an electric car with an energy consumption of 265 Watt hour per mile in urban driving, and 220 Watt hour per mile in highway driving, results in a petroleum-equivalent fuel economy of 335.24 miles per gallon, based on a driving schedule factor of 55 percent urban, and 45 percent highway ...
Here’s a look at the best economy cars in terms of cost per mile. ©Chevrolet. 1. Chevrolet Spark. Average miles driven per year: 17,593. Average price for a new model: $14,805.
According to the Energy Information Administration (EIA), as of March 2022, factors that affect the price of gasoline in the United States include the price of crude oil per barrel, costs and profits related to refining, distribution, and marketing, and taxes, along with the charge set by refiners for gasoline based on based on octane levels, with higher octane levels—premium grade cost ...
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.
A diesel cycle engine can be as much as 40% to 50% efficient at converting fuel into work, [2] where a typical automotive gasoline engine's efficiency is about 25% to 30%. [ 3 ] [ 4 ] In general, an engine is designed to run on a single fuel source and substituting one fuel for another may affect the thermal efficiency.
The report also emphasized that both tire taxes and vehicle mile traveled taxes would have to be rated based on weight-per-axle to properly distribute wear-related costs of highway use. In late 2012, Oregon conducted a second road user fee pilot. The pilot was completed successfully in January 2013. [17]
Average miles driven per year: 9,984. Average price for a new model: $121,253. Price per 1,000 miles: $12,145. Data is sourced from iSeeCars.com and is accurate as of April 30, 2024. More From ...