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The standardized NYMEX natural gas futures contract is for delivery of 10,000 million Btu of energy (approximately 10,000,000 cu ft or 280,000 m 3 of gas) at Henry Hub in Louisiana over a given delivery month consisting of a varying number of days. As a coarse approximation, 1000 cu ft of natural gas ≈ 1 million Btu ≈ 1 GJ.
[56] [57] Autogas use by car drivers can help the United States to reduce dependence on foreign oil as 90% of all U.S. Autogas is produced in the U.S. [58] [59] In 2005, a provision was enacted that placed a 50-cent per gallon tax credit on propane autogas as part of H.R. 4853, making it $1 per gallon cheaper than petrol on average. The ...
The wholesale price of propane in the summer of 2018 was between 86 cents to 96 cents per U.S. gallon, based on a truckload or railway car load. The price for home heating was exactly double that price; at 95 cents per gallon wholesale, a home-delivered price was $1.90 per gallon if ordered 500 gallons at a time.
LPG, vaporised and at atmospheric pressure, has a higher calorific value (46 MJ/m 3 equivalent to 12.8 kWh/m 3) than natural gas (methane) (38 MJ/m 3 equivalent to 10.6 kWh/m 3), which means that LPG cannot simply be substituted for natural gas. In order to allow the use of the same burner controls and to provide for similar combustion ...
The national average price of gas per gallon was $1.19 in 1980. In July 2024, the price of gas across all fuel grades is $3.60. This might seem like a massive increase, but $1.19 in 1980 would be...
Since 2007, gasoline prices in the UK rose by nearly 40 pence per liter, going from 97.3 pence per liter in 2007 to 136.8 pence per liter in 2012. [ 63 ] In much of Europe, including the UK, France and Germany, stations operated by large supermarket chains usually price fuel lower than stand-alone stations.
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