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Grade 2 diesel fuel is available with 2 different sulfur levels depending on the population density of the location where it is retailed. Grade 3 diesel fuel, also known as GASOIL ULTRA, is the highest quality diesel fuel and is supposed to be available starting February 1, 2006. Sale of Grade 3 diesel at retail outlets is optional until 2008.
Senate Bill X1-2 was signed by the governor in spring of 2023, which established a watchdog division within the California Energy Commission to investigate unexplained gas price spikes.
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.
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.
(The Center Square) - California gas prices could rise up to $1.15 per gallon next year thanks to the state’s new carbon credit system, taxes, refinery regulations, and refinery shutdown. This ...
Diesel prices could rise by $0.59 this year and $0.66 within two years. ... California’s gas prices already average $4.00 per gallon, about a dollar higher than the national average. High gas ...
Top Tier Detergent Gasoline and Top Tier Diesel Fuel are performance specifications and trademarks designed and supported by several automakers. [1] BMW , General Motors , Fiat Chrysler Automobiles , Ford , Acura / Honda , Toyota , Volkswagen , Mercedes-Benz , Navistar , Audi , and Volvo support the gasoline standard, while General Motors ...
Gas prices have been on the rise nationwide, but for California drivers, they've skyrocketed in a short amount of time.. The Golden State's average at the pump surged by $0.23 to $5.27 per gallon ...