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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 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.
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On a year-over-year basis, gas prices are up 15% while diesel is up 43%. High diesel prices are a kind of hidden inflation, because most consumers never buy diesel.
Due to the higher density, diesel fuel offers a higher volumetric energy density: the density of EN 590 diesel fuel is defined as 0.820 to 0.845 kg/L (6.84 to 7.05 lb/US gal) at 15 °C (59 °F), about 9.0-13.9% more than EN 228 gasoline (petrol)'s 0.720–0.775 kg/L (6.01–6.47 lb/US gal) at 15 °C, which should be put into consideration when ...
The upgraded engines, as built by model year 1981, were identified as "350 DX" on the block. [9] The later 4.3-liter V6 engine, which arrived for the 1982 model year, did not have the same problems as the V8. The V6 has a denser bolt pattern and Oldsmobile's engineers were given more time to develop and test it. [8]
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Early railroad motor cars and tractors were offered with kerosene or gasoline-powered engines. Beginning in 1925, distillate-powered versions were offered, persisting until 1956, when the last "all-fuel" tractors were sold, while diesel-fueled tractors increased in popularity. Kerosene-engined tractors were phased out by 1934.