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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.
Gas prices are now 22% below their peak, but diesel is just 8% lower. 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 ...
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.
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 ...
In addition, US refineries have increasingly exported petroleum products to the EU. In 2008, US exports of gas oil (home heating fuel) surged to a 31% market share in the EU, up from 5% the previous year; in 2011, US imports held a 37% market share of gasoil in the EU. [21]
The 2007 fuel tax was €0.684 per litre (€2.59/US gal; €3.11/imp gal). On top of that is 21% VAT over the entire fuel price, making the Dutch taxes one of the highest in the world. In total, taxes account for 68.84% of the total price of petrol and 56.55% of the total price of diesel. [20]
concentration of sulfur in diesel fuel produced or imported for use in off-road engines shall not exceed 500 ppm from 1 June 2007 until 31 May 2010, and 15 ppm after that date. concentration of sulfur in diesel fuel sold for use in off-road engines shall not exceed 500 ppm from 1 October 2007 until 30 September 2010, and 15 ppm after that date.
The market of MDO is much smaller than on-highway diesel. According to the 2004 US diesel fuel sales statistics from US Department of Energy, Energy Information Administration, marine shipping only makes up 3.7% of the total diesel market. [2] On the other hand, on-highway diesel makes up 59.5% of diesel fuel sales. [2]
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