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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.
The barrel of oil equivalent ( BOE) is a unit of energy based on the approximate energy released by burning one barrel (42 US gallons, 35 imp gal or about 159 litres) of crude oil. The BOE is used by oil and gas companies in their financial statements as a way of combining oil and natural gas reserves and production into a single measure ...
A diesel cycle engine can be as much as 40% to 50% efficient at converting fuel into work, [2] where a typical automotive gasoline engine's efficiency is about 25% to 30%. [ 3 ] [ 4 ] In general, an engine is designed to run on a single fuel source and substituting one fuel for another may affect the thermal efficiency.
As oil prices rise, gas surpasses $3.50 per gallon. Gasoline prices increased this week to hover above last year's average amid rising oil prices, falling inventories, and a more expensive summer ...
The change goes into effect on September 1. The bulk of Costco’s profits come from annual fees. It reported last year that it earned $4.6 billion in revenue from membership fees, an 8% increase ...
Right now, you can score an annual membership for just $49 — that's 50% off — or sign up for a free 30-day trial here. You’ll get free shipping and grocery delivery, savings on gas and ...
2023 marked the sixth straight that the United States led the world in oil production; [3] shale oil fracking has dramatically increased the country's oil output since 2010. The United States also became a net petroleum exporter in 2020, for the first time since at least 1949. [4] U.S. crude oil exports reached a record high in the first half ...
Now through July 30 you can get an extra 20% off your purchase at Coach Outlet when you buy two or more leather goods. ... with just the right mix of roomy and compact.