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Gas prices within the last 10 years highlight how volatile the market can be. When looking at historical data, gas prices were the same in 2011 as they were in 2023 — $3.52 per gallon.
Marcellus gas production has lowered the price of natural gas in the Mid-Atlantic states of the US, which previously were almost entirely dependent on gas pipelined in from the US Gulf Coast. From 2005 through 2008, wholesale gas prices at Mid-Atlantic states were $0.23 to $0.33 per million BTU above prices of the main Gulf Coast trading point ...
On average, as of April 2019, state and local taxes and fees add 34.24 cents to gasoline and 35.89 cents to diesel, for a total US volume-weighted average fuel tax of 52.64 cents per gallon for gas and 60.29 cents per gallon for diesel.
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.
American drivers had it rough back in 1981. The average price of gasoline spiked to $1.353 a gallon that year -- up from $1.221 in 1980 and more than double the price just three years earlier....
In 2022, West Virginia had a total summer capacity of 15,021 MW through all of its power plants, and a net generation of 56,665 GWh. [2] In 2023, the electrical energy generation mix was 85.6% coal, 6.9% natural gas, 4% wind, 3.1% hydroelectric, and 0.3% petroleum.
The Mountain Valley Pipeline (MVP) is a natural gas pipeline constructed from northwestern West Virginia to southern Virginia. The MVP is 303 miles (488 km) long, and there is also a proposed Southgate Extension which will run 75 miles (121 km) from Virginia into North Carolina. [1]
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