Search results
Results from the WOW.Com Content Network
The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. [16] [17] 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 UK average petrol price as of 11 January 2016 is £1.01 per litre. This is slightly above the European average but is 30p lower than the peak in 2014. With declining oil prices, it has been suggested petrol could fall to 86.9p per litre if oil prices fall to $10 a barrel. Average diesel prices are currently £1.03 per litre.
Today, fuel taxes in the United States vary by state. The United States federal excise tax on gasoline is 18.4 cents per US gallon (4.9 ¢/L) and 24.4 cents per US gallon (6.4 ¢/L) for diesel fuel. On average, as of July 2016, state and local taxes add 29.78 cents to gasoline and 29.81 cents to diesel for a total US average fuel tax of 48.18 ...
The average retail price was, on average, US$3.04 per U.S. gallon. [19] The average retail price of a liter of petrol in the United Kingdom was 86.4p on October 19, 2006, or $6.13 per gallon. [ 20 ] Oil production in Iraq continued to decline as result of the nation's ongoing conflict causing a decrease in production to 1 million barrels per ...
Average prices for both petrol and diesel across UK forecourts are nearly 7p per litre cheaper than a month ago. ... Typical per-litre petrol prices have fallen from 142.9p to 136.2p, while diesel ...
The oil and gas industry in the United Kingdom produced 1.42 million BOE per day [4] in 2014, of which 59% [4] was oil/liquids. In 2013 the UK consumed 1.508 million barrels per day (bpd) of oil and 2.735 trillion cubic feet (tcf) of gas, [5] so is now an importer of hydrocarbons having been a significant exporter in the 1980s and 1990s.
It was prompted by a technical shortcoming of petrol pump design: pumps (which were electro-mechanical) had been designed to be switchable between metric and imperial units, but had no provisions for prices of £2 or more per unit of fuel. Once the price of petrol rose above £1 per gallon, the industry requested that they be permitted to sell ...
This resulted in the highest ever fuel prices recorded in the UK. In early July, the average price for a litre of diesel reached 199.09p, while the average unleaded price was 191.55p per litre. Many petrol stations, particularly in rural areas and on motorways, were charging in excess of £2 per litre for both fuels.