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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 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 flex-fuel vehicle will experience about 76% of the fuel mileage MPG when using E85 (85% ethanol) products as compared to 100% gasoline. Simple calculations of the BTU values of the ...
People wait for gas pump in Hanoi, Vietnam Sunday, June 19, 2022. Across the globe, drivers are rethinking their habits and personal finances amid skyrocketing prices for gasoline and diesel ...
The Global price level, as reported by the World Bank, is a way to compare the cost of living between different countries. It's measured using Purchasing Power Parities (PPPs), which help us understand how much money is needed to buy the same things in different places. Price level indexes (PLIs), with the world average set at 100, are ...
For example, from May 2022 to June 2022 the average cost of gas increased by $0.88 per gallon. Data below from the U.S. Energy Administration show fuel costs from 2011 to 2023. Average price per ...
3 Backup of Gasoline by Countries List ... 4 Typical gasoline prices around the world. 1 comment. Toggle the table of contents ... EC$8.72/imperial gallon (diesel) 4 ...
At a gas station near the Cologne, Germany, airport, Bernd Mueller watches the digits quickly climb on the pump: 22 euros ($23), 23 euros, 24 euros. Across the globe, drivers like Mueller are ...
Gas prices may refer to: Gasoline and diesel usage and pricing; Natural gas prices This page was last edited on 26 September 2023, at 18:25 (UTC). Text is available ...