DOE: Adjusted for inflation, the price of gasoline in 2019 was similar to the price in 1929

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The average annual price of gasoline has fluctuated greatly over the past several decades, but when adjusted for inflation (constant dollars), the price of gasoline in 2019 was only nine cents higher than in 1929, according to the US Department of Energy (DOE).

2020 339

How crude-oil prices influence gasoline prices

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Gasoline is one of the products refined from crude oil. Thus, the price of crude oil should have a strong influence on the price of gasoline. However, the retail price of gasoline includes other costs as well. The Energy Information Administration (EIA) estimates that in the United States from 2008 to 2017, crude oil represented only 61% of the retail price of gasoline. by Michael Sivak.

2018 194
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EIA: US average gasoline prices before Memorial Day highest since 2014

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The average retail price for regular gasoline in the United States on 24 May, the Monday before the Memorial Day weekend, was $3.02 The average US gasoline price on 24 May was $1.14/gal higher than a year ago.

2014 222

DOE: US gasoline taxes dropped below 20% of total price in 2015

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Fuel taxes in the United States in 2015 accounted for 19% of the price of a gallon of gasoline, down from just under 30% in 1990, according to figures compiled by the US Department of Energy (DOE). By comparison, in France, Germany, and the United Kingdom, taxes accounted for more than half of the total price for both 1990 and 2015. Japan’s gasoline taxes were nearly half of the price in those years.

2016 185

Bloomberg Intelligence: US border tax could boost gasoline prices average $0.30/gallon

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If the proposed broad 20% border-adjustment tax were implemented and applied to the energy sector, the result would likely lead to a large increase in gasoline prices and a big premium in domestic oil prices vs. international, according to new analysis by Bloomberg Intelligence. Pump prices could rise an average $0.30

2017 163

US average retail gasoline prices ended 2017 lower than they started

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US regular retail gasoline prices averaged $2.72 However, a rapid price decline beginning in October led to US average regular gasoline prices ending the year lower than they began for the first time since 2015, according to the US Energy Information Administration (EIA). In 5 of the 10 cities for which EIA collects weekly retail price data, gasoline prices exceeded $3.00/gal at least once in 2018.

2019 204

Study explores impact of changing gasoline and diesel taxes in Europe

Green Car Congress

Diesel is currently taxed at a lower level than gasoline in Europe; however, since 2011 the EC has been considering reversing that situation by making energy taxes systematically reflect the CO 2 performance of the energy product. As on a volumetric basis, diesel contains more carbon than gasoline, the tax on diesel fuel would increase. A scheme including a decreased gasoline tax could bring about an increase in CO 2 emissions.

2013 241

Virginia General Assembly moving forward with replacing gasoline and diesel fuel tax with sales tax; $100 annual tax for EVs, HEVs and alt-fuel vehicles

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The Virginia General Assembly is moving forward with legislation ( HB2313 ), that, among its other elements, would abolish the state’s gasoline and diesel fuel taxes and replace them with a sales tax. Currently, both gasoline and diesel carry a $0.175/gallon fuel tax. Beginning 1 July 2013, the gasoline tax would be replaced with a 3.5% cents-per-gallon tax. percent wholesale tax to 5.1

2013 216

RFF papers explore differing outcomes of higher gasoline taxes on public transit and rural areas

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aggregated to the county level given a 10 cent per gallon tax shows tremendous. Economists view higher gasoline taxes as one solution to reducing gasoline consumption and thus air pollution, greenhouse gas emissions, and reliance on oil, while at the same time providing revenue to the government for highway repair and construction. The first paper, “Does the Substitutability of Public Transit Affect Commuters’ Response to Gasoline Price Changes?”

2012 218

California Gasoline Demand Down 0.1%, Prices Up 24% in May

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California’s gasoline consumption declined 0.1% compared with the same month last year although the average price at the pump increased 24% to $3.14 Gasoline consumption edged down 0.1% in May 2010 when Californians consumed 1.290 billion gallons of gasoline compared to 1.291 billion gallons consumed in May 2009. California drivers paid an average price at the pump of $3.14 Diesel prices in California in May 2010 were $3.20

2010 170

Low Gas Price An Opportunity For Higher Gas Tax? Not A Chance

Green Car Reports

With gasoline costing 40 percent less than it did just six months ago--and under $2 a gallon in many states--you might think this would be a good time to discuss raising the Federal gas tax. The Federal gas tax hasn''t risen since 1993, and the U.S. You would be wrong. Highway Trust Fund has been officially broke for several years now. DON''T MISS

2015 108

Analysis finds annual running cost of EVs less than ICE; but with purchase price factored in, it flips

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Across the US the average annual cost of running an electric vehicle is $2,721.96, while gasoline vehicles cost an average of $3,355.90 When the purchase cost of each type of vehicle is factored in, average gasoline vehicles are $1,454 per year cheaper to run. EVs cost an average of $9,406 per year (including the purchase price) to run compared to $7,952 annually for gas vehicles (including the purchase price).

2020 260

Ford prices C-MAX Energi plug-in hybrid at $29,995 after federal tax credit; expects conquest rate of about 50%

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Ford is pricing the new C-MAX Energi—expected to offer 15 class-exclusive features, a 550-mile (885 km) total range and more than 20 miles (32 km) of electric-only range ( earlier post )—at $33,745. Its eligibility for a $3,750 federal tax credit drops that to $29,995. Both Prius Plug-in models qualify for a federal tax credit of $2,500. C-MAX Energi also is expected to qualify for additional tax credits up to $1,500 in California.

California gasoline consumption down 4.1% in May; price per gallon up 35%

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California gasoline consumption declined 4.1% In California, gasoline consumption in May 2011 was down to 1.24 The California average price for a gallon of gasoline was up $1.09 in May 2011, a 35% increase over May 2010’s average price of $3.14 The national average price of a gallon of gasoline rose $1.07 in May 2011, a 37% increase over May 2010’s national average price of $2.89 for a gallon of gasoline.

2011 161

California Senate President pro tem proposes carbon tax on transportation fuels

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California Senate President pro tempore Darrell Steinberg proposed a carbon tax on fossil transportation fuels to replace the coming cap and trade mandate on that sector in 2015. Under Steinberg’s proposal, the price of carbon fuel would rise steadily, starting at an estimated 15¢/gallon in the first year. In 2020, the tax is estimated at 24¢/gallon—lower than the upward price risk under cap and trade at 40¢/gallon. Higher prices discourage demand.

2014 199

Rasmussen survey finds 53% of likely US voters oppose increase in gasoline tax, even if dedicated only to interstate highways

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A new Rasmussen Reports national telephone survey finds that just 33% of likely US Voters would favor a modest increase in the gas tax even if they knew the revenue would be used only to pay for building, maintaining and repairing the Interstate Highway System. 53% would oppose any such gas tax hike even if the money was dedicated only to the Interstate system. A federal gas tax of $0.184 per gallon is the chief source of money for the Highway Trust Fund.

2011 179

California Gasoline and Diesel Consumption Increased In February Despite Higher Prices

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California gasoline consumption rose 0.8% billion gallons of gasoline in February 2010 compared to 1.12 The average price at the pump for gasoline in California during February 2010 was $2.99 per gallon compared to February 2009 when price was $2.27, a 31.7% The figures reported monthly are net consumption that includes BOE audit assessments, refunds, amended and late tax returns, and State Controller’s Office refunds.

2010 179

IRS Electric-Car Tax Credits: Reporting Discrepancies Remain

Green Car Reports

taxpayers start to grapple with their income-tax filings, due April 15, tens of thousands of taxpayers will benefit from a Federal income-tax credit of $2,500 to $7,500 offered to buyers of plug-in electric cars. Enacted in 2009, it was intended to spur the early sales of such cars whose prices remain higher than those of their gasoline As U.S.

US Energy Secretary Calls Tax Hike on Gasoline Not Politically Feasible

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In an interview with the Financial Times , US Energy Secretary Steven Chu said that raising US gasoline prices to levels comparable to Europe’s through taxes or regulation is not politically feasible. In the past Mr Chu, a Nobel laureate, has argued that if the US wanted to reduce its carbon emissions, policymakers would have to find a way to increase petrol prices to levels in Europe.

2009 150

California gasoline consumption down 1.8%, diesel up 4.8% in October 2011; gasoline consumption continues downward trend

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Gasoline consumption in California declined 1.8% High gas prices appear to be directly affecting fuel consumption in California. We are seeing a trend of Californians consuming less gasoline in the last eight months of 2011. billion gallons of gasoline in October 2011 which is a 1.8% In California, the average price of gasoline rose 74 cents to $3.89 Nationally, the average price of fuel jumped 66 cents to $3.51

2012 196

Gasoline consumption in California rose 2.4% during FY 2014-15; largest yearly increase in a decade

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The California State Board of Equalization (BOE) announced that gasoline consumption in the state rose 2.4% The rise in fuel consumption signals a strengthening California economy, with cheaper gas prices encouraging more vehicle travel. In FY 14-15, Californians consumed 14.921 billion gallons of gasoline, a 2.4% During FY 14-15 California’s average price of gasoline was $3.42 from the average price of gasoline of $3.92 million for excise tax.

2016 150

CMU study finds small battery PHEVs and gasoline hybrids the least-cost policy solution to reducing gasoline consumption

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The federal subsidy significantly favors larger battery packs to a stronger degree than their potential for additional gasoline savings. Looking forward as battery prices decrease and the AER resulting in maximum life-time cost savings increases, the relative value of plugging in multiple times throughout the day will also decline, they suggest. In all cases, HEVs and PHEVs save gasoline over conventional vehicles.

2012 255

T&E concludes that diesel cars emit more CO2 on a full lifecycle basis than gasoline cars

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tonnes more CO 2 than an equivalent gasoline car over its lifetime due to a more energy-intensive refining of the diesel fuel; more materials required in the production of heavier and more complex engines; higher emissions from biodiesel blended in the diesel fuel; and longer mileage because fuel is cheaper. The average diesel car is driven longer, however, only 4% of this is due to the lower fuel price (rebound effect).

2017 194

Cadillac ELR EREV goes on sale in January, starting price $75,995

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The 2014 ELR has a starting price of $75,995, including a $995 destination charge but excluding tax, title, license and dealer fees. Base price of a 60 kWh Tesla Model S—without Federal tax incentive, but with destination fee—is $71,070.) Upon IRS certification of an anticipated federal tax credit, purchasers may be eligible for a tax credit from $0 to $7,500 depending on individual tax liability. gasoline-powered electric generator.

2013 282

ICCT suggests minor changes to Fed tax policy to cut higher investment risk of 2nd-gen biofuels and advance the industry

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Minor changes to an existing Federal tax incentive for second-generation biofuels (i.e., Some of the ICCT recommendations are mirrored in the recently released Baucus draft proposal for tax reform ( earlier post ), notes Dr. Chris Malins of the ICCT, one of the study’s co-authors. Environmental Protection Agency drastically lowering the amount of cellulosic biofuel that must be blended into gasoline and diesel each year.

2013 221

Gasoline Consumption in Northwest Rose in 2009

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Sightline Institute reports that drivers in the Northwest states of Idaho, Oregon, Washington used more gasoline last year, reversing a decade-long trend of declining personal gas consumption. Lower fuel prices boosted consumption. Idaho drivers—already the highest per-capita consumers in the region—led the Northwest by increasing their gasoline purchases by nearly 4%. Shifting Gears: Despite struggling economy, Northwest gasoline use ticks up.

2009 185

California gasoline consumption up 1%, diesel down 1.9% in 4Q10

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California gasoline consumption increased 1% in the fourth quarter 2010 and decreased 0.4% Gasoline consumption increased 1% in the fourth quarter of 2010 when Californians consumed 3.69 billion gallons of gasoline compared to the 3.65 billion gallons of gasoline used in the fourth quarter 2009. The average price of gasoline at the pump in California during the fourth quarter of 2010 was $3.22, a 7% increase over the fourth quarter 2009’s average price of $3.01

2011 179

California gasoline consumption fell 2.7% in March, diesel dropped 6.9%

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In California, gasoline consumption declined 2.7% In March, gasoline consumption decreased to 1.24 billion gallons of gasoline compared to 1.27 billion gallons of gasoline in March last year. In California, the average price of a gallon of gasoline rose 90 cents to $4.00 in March, a 29% increase compared to the average price of $3.10 per gallon of gasoline last year in March. billion gallons of gasoline compared to 3.58

2011 185

Researchers say fuel market rebound effect can result in increased GHG emissions under RFS2; suggest taxes over mandates

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However, the Minnesota team notes, increasing the supply of fuels tends to lower energy prices, which encourages in turn encourages additional fuel consumption. A growing number of studies on the effects of biofuel production on domestic and international fuel markets have concluded that biofuel production results in only a partial displacement of gasoline on an energy-equivalent basis—thereby increasing global energy use.

2016 150

Study shows bamboo ethanol in China technically and economically feasible, cost-competitive with gasoline

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Now, researchers at Imperial College London have shown that bioethanol production from bamboo in China is both technically and economically feasible, as well as cost-competitive with gasoline. China bioethanol pump price for five enzyme loading scenarios in ( a ) 2011 with a 16¢ per liter (60.6¢ per gallon US) subsidy and fuel excise and value-added tax exemptions, and ( b ) a prospective future scenario with no form of government support measures.

2013 281

Hydrogen Fuel-Cell Vehicle Tax Credit Expires This Month: Will It Be Renewed?

Green Car Reports

Financial and other incentives are widely viewed as a good way to kickstart the adoption of new green vehicles, largely to compensate for their higher prices against conventional gasoline cars. market, a key tax incentive will expire at But just as Toyota is building up to next fall''s launch of its 2016 Mirai hydrogen fuel-cell vehicle in the U.S.

California gasoline consumption rose 2.6%, diesel 4.9% in November 2010

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California gasoline consumption increased 2.6% In November 2010, gasoline demand rose 2.6% billion gallons of gasoline compared to 1.17 The average California gasoline price at the pump in November 2010 was $3.20 National average gas prices in November 2010 was $2.91 per gallon compared to gas prices of $2.71 California diesel prices were $3.30 percent compared to November 2009 when the average diesel price was $2.96

2010 179

California gasoline consumption down 2.8% in June, 3.6% in Q2

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In California, gasoline consumption declined 2.8% In June 2011, California’s gasoline consumption decreased 2.8% billion gallons of gasoline compared to last year when 1.26 billion gallons of gasoline were consumed. June’s average price for a gallon of gasoline in California rose 84 cents to $3.97, a 27% increase compared to last June when the average price was $3.13 per gallon of gasoline. billion gallons of gasoline compared to 3.80

2011 170

California gasoline demand flat, diesel declined in Feb 2011

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California gasoline consumption remained flat in February 2011, while diesel fuel consumption in California declined, according to the monthly report from the California State Board of Equalization. California’s gasoline consumption remained flat in February 2011 with 1.131 billion gallons of gasoline, compared to 1.131 billion gallons in February 2010. In February 2011, the average price of gasoline at the pump in California was up 59 cents to $3.58

2011 179

Belfer Center Study Concludes Reducing Car and Truck GHG Emissions Will Require Substantially Higher Fuel Prices; Income Tax Credits for Advanced Alt Fuel Vehicles Are Essentially Ineffective at Reducing Sector Emissions

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A new study from the Harvard Kennedy School’s Belfer Center for Science and International Affairs finds that reducing greenhouse gas emissions from transportation will be a much bigger challenge than many assume, and will require substantially higher fuel prices combined with more stringent regulations. Economy-wide CO 2 prices of $30-60/t CO 2 are too weak on their own to motivate significant reductions in CO 2 emissions from transportation.

2010 192

California gasoline consumption down 1.7% in August, diesel consumption up 11.1%

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California gasoline consumption fell 1.7% California’s gasoline consumption declined 1.7% In California, the average price for a gallon of gasoline in August 2011 rose 63 cents to $3.82, a 20% increase compared to August 2010 when the average price was $3.19 per gallon of gasoline. Nationally, the average price of a gallon of gasoline in August 2011 was up 92 cents to $3.70 in August 2011, while diesel fuel consumption rose 11.1%, according.

2011 191

Hyundai lowers entry price, bumps all-electric range on new 2018 Sonata Plug-In Hybrid

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Hyundai has lowered the price and slightly increased the all-electric range of the refreshed 2018 Hyundai Sonata Plug-In Hybrid (PHEV). The new PHEV model adopts the same distinctive design of the recently released Sonata gasoline and Hybrid models while delivering 28 miles (45 km) of all-electric range (vs. The starting price for the 2018 Sonata Hybrid Plug-In is $33,250, a $1,350 reduction from the 2017 model.

2018 150

California gasoline consumption declined 2.1% in September, 2.0% in Q3; diesel consumption Up 7.0% in September and 6.6% in Q3

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In California, gasoline consumption decreased 2.0% In third quarter 2011, California’s gasoline consumption declined 2.0%, with a total of 3.727 billion gallons of gasoline compared to 3.803 billion gallons of gasoline in the third quarter last year. In California, the average price of gasoline per gallon rose 74 cents to $3.88 in third quarter 2011, a 24% increase over third quarter 2010’s average price of $3.14 per gallon of gasoline.

2011 207

U Chicago study proposes market-based approach to fuel economy standards to deal with impacts of fuel price volatility

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Volatile gasoline prices have caused some regulators and carmakers alike to question the cost and effectiveness of current fuel economy standards, with some arguing they are too stringent and others saying they should be even stronger. Researchers have demonstrated that as fuel prices rise, consumers tend to prefer more efficient vehicles because the fuel savings associated with such vehicles are greater.

2017 150

California gasoline consumption down 0.8% in July 2010

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California gasoline demand fell by 0.8% billion gallons of gasoline compared to 1.28 The average California gasoline price at the pump in July was $3.17 California diesel fuel prices were $3.12 The BOE is able to monitor gallons through tax receipts paid by fuel distributors. The figures reported monthly are net consumption that includes BOE audit assessments, refunds, amended and late tax returns, and State Controller’s Office refunds.

2010 179

California Gasoline Consumption Rose 0.6% in May; Diesel Declined 7%

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California gasoline consumption rose 0.6% May 2009 gasoline sold for use on California roads totaled 1,291 million gallons of gasoline. A month-to-month comparison shows that gasoline consumption rose 3.5% The average California gasoline price at the pump in May was $2.53 decline from the average price the same month last year when it was $4.02. California diesel prices were $2.35

2009 179

How To Improve Fuel Economy? Raise Gasoline Taxes, Say Executives

Green Car Reports

drivers to save a whole lot more gasoline: Raise the price of gas, to at least $4 a gallon. Auto executives know how to get U.S. That was the message at the recent Reuters Autos Summit in Detroit this week. The simplest way to get U.S. drivers into cars with higher gas mileage is economic: Make it cost more. Prius popular at $4/gallon

2009 60

UMTRI study finds US diesel vehicles generally have lower total cost of ownership than gasoline vehicles

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Diesel vehicles generally saved owners between $2,000 to $6,000 in total ownership costs during a three to five year period when compared to similar gasoline vehicles, according to data compiled by the University of Michigan Transportation Research Institute (UMTRI). They combined these estimates with three and five year estimates for repairs, fees and taxes, insurance, and maintenance from an outside data source. TCO for selected gas and diesel vehicles over a 3 year timeframe.

2013 221