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Gasoline gallon equivalent ( GGE) or gasoline-equivalent gallon ( GEG) is the amount of an alternative fuel it takes to equal the energy content of one liquid gallon of gasoline. GGE allows consumers to compare the energy content of competing fuels against a commonly known fuel, namely gasoline. It is difficult to compare the cost of gasoline ...
State Taxes. 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.
Notes: (1) Based on 45% highway and 55% city driving. Electricity cost of US$0.13 /kWh, premium gasoline price of US$2.51 per gallon (used by the 2015 Volt, i3 REx, ELR, i8, Mercedes S500e, Karma and all Porsche models), and regular gasoline price of US$2.04 per gallon (as of 18 December 2015). Conversion 1 gallon of gasoline=33.7 kWh.
Despite having an average cost of about $1.54 less than the worldwide average, prices vary between states. For example, the average price in Hawaii was $4.99, while in Mississippi, where prices ...
Here's how much a gallon costs now. Joe Murphy. Updated October 11, 2021 at 5:13 PM. The price of a gallon of gas keeps going up. According to GasBuddy, which tracks gas prices across North ...
The price per gallon never topped 90 cents in the closing years of the ’80s — about $2.40 today. A decade later in 1996-97, prices peaked at $1.23, which is almost exactly the same in 2022 ...
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 national average price for a gallon of gasoline is a little more than $4.95, according to AAA. ... Keep reading to learn the cost of gas the year you were born. Everett / Shutterstock.com. 1929.