Search results
Results from the WOW.Com Content Network
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.
Retail markup over crude oil and wholesale gasoline, 2014–2019 Oil, gas, and diesel prices RBOB Gasoline Prices. In 2008, a report by Cambridge Energy Research Associates stated that 2007 had been the year of peak gasoline usage in the United States, and that record energy prices would cause an "enduring shift" in energy consumption practices. [6]
Aviation gasoline (Avgas): The tax on aviation gasoline is $0.194 per gallon. [citation needed] When used in a fractional ownership program aircraft, gasoline also is subject to a surtax of $0.141 per gallon. [citation needed] Kerosene for use in aviation : Generally, kerosene is taxed at $0.244 per gallon unless a reduced rate applies.
In 1998, gas in my hometown was a whopping $0.98 per gallon. For a kid in high school, that was huge—I was able to afford to go places. Gas had hovered around $1.00 for years, and many of us ...
Data source: Federal Reserve Bank of St. Louis. Chart by author. The EIA and gasoline predictions. The U.S. Energy Information Administration (EIA) has also taken a stab at predicting where gas ...
Depending on local regulations, the gas may then be disposed of at the well site in practices known as gas venting and production flaring. [10] In the U.S., a growing volume and percentage of the produced associated gas is intentionally wasted in this way since about year 2000, reaching nearly 50-year highs of 500 billion cubic feet and 7.5% in ...
In the U.S., most consumer goods bear pre-tax prices, but gasoline prices are posted with taxes included. Taxes are added by federal, state, and local governments. As of 2009, the federal tax was $0.049 per liter ($0.184/U.S. gal) for gasoline and $0.064 per liter ($0.244/U.S. gal) for diesel (excluding red diesel). [102]
Gas prices have been on a downward trend recently, with the national average at $3.40 per gallon, according to AAA. The EIA forecasts the average for 2023 to come in at $3.55 per gallon, compared ...