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The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
Federal fuel taxes raised $36.4 billion in Fiscal Year 2016, with $26.1 billion raised from gasoline taxes and $10.3 billion raised from diesel and special motor fuel taxes. [16] The tax was last raised in 1993 and is not indexed to inflation. Total inflation from 1993 until 2017 was 68 percent or up to 77 percent, depending on the source. [17 ...
The average gas price in Fort Worth has fallen 19 cents in the last week, hovering around $2.91 a gallon. Gas prices in Tarrant County are 47.5 cents per gallon lower than a month ago and 38.6 ...
Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
No. 1 fuel oil No. 1 distillate No. 1 diesel fuel Kerosene: Jet fuel: Distillate 9-16 No. 2 fuel oil No. 2 distillate No. 2 diesel fuel: Road diesel Rail diesel Marine gas oil Distillate 10-20 No. 3 fuel oil No. 3 distillate No. 3 diesel fuel Marine diesel oil Distillate No. 4 fuel oil No. 4 distillate No. 4 residual fuel oil Bunker A
In 2008, oil prices rose briefly, to as high as $145 per barrel, [25] and U.S. gasoline prices jumped from $1.37 to $2.37 per gallon in 2005, [26] causing a search for alternate sources, and by 2012, less than half the US oil consumption was imported. However, as of January 2015, the price of oil has decreased to around $50 per barrel. [27]
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