Search results
Results from the WOW.Com Content Network
National average diesel prices slid to $3.56 a gallon by Sept. 9, down 32 cents from the start of the year and the lowest level since Oct. 2021, according to EIA data.
Around the same time gas hit $5, diesel hit a record high of $5.81 per gallon. 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 ...
October 23, 2022 at 4:43 AM. By Laura Sanicola. (Reuters) - U.S. gasoline prices rose earlier this month but are falling again after West Coast refinery outages subsided and seasonal demand fell ...
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.
While prices have come down since the peak in June, prices were beginning to tick up again. Gas prices hit $3.79 a gallon the week of September 29, 2022, up from $3.73 on September 23, 2022 — an increase of $0.06 per gallon over the last week. [14] Since October 10, 2022, the price of gasoline has gone down again.
Diesel supplier Mansfield Energy is warning of increased diesel prices in the weeks and months ahead, with costs high enough to price out some consumers and make shipping more expensive.
Petroleum diesel, also called petrodiesel, [23] fossil diesel, or mineral diesel, is the most common type of diesel fuel. It is produced from the fractional distillation of crude oil between 200 and 350 °C (392 and 662 °F) at atmospheric pressure , resulting in a mixture of carbon chains that typically contain between 9 and 25 carbon atoms ...
According to the U.S. Energy Information Administration’s Short-Term Energy Outlook report for December 2022, gasoline prices will come down in 2023. The EIA predicts that in 2023, a gallon of ...