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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.
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 ...
U.S. natural gas prices were relatively stable at around (2006 US) $30/Mcm in both the 1930s and the 1960s. Prices reached a low of around (2006 US) $17/Mcm in the late 1940s, when more than 20 percent of the natural gas being withdrawn from U.S. reserves was vented or flared.
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 ...
The profit margin on gas was about 6.7% in 2019, so at current levels, it’s close to 12%. At the current average price of $3.64 per gallon, about 43 cents per gallon goes to the retailer as ...
The same process is used for the conversion to CNG, but on a smaller scale. The CNG project at Puente Hills Landfill in Los Angeles has realized $1.40 per gallon of gasoline equivalent with the flow rate of 250 scfm. [9] Cost per gallon equivalent reduces as the flow rate of gas increases. LNG can be produced through the liquification of CNG.
On average, as of April 2019 [update], state and local taxes and fees add 34.24 cents to gasoline and 35.89 cents to diesel, for a total US volume-weighted average fuel tax of 52.64 cents per gallon for gas and 60.29 cents per gallon for diesel.
The energy obtainable from burning one US gallon of gasoline is 115,000 BTU, 33.70 kWh, or 121.3 MJ. [8] To convert the mile per gallon rating into other units of distance per unit energy used, the mile per gallon value can be multiplied by one of the following factors to obtain other units: 1 MPGe.