Social Networks on Gas Prices, Energy Policy and Health Care (2012)

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thefilmarchive.org March 19, 2012 The usage and pricing of gasoline or petrol results from factors such as crude oil prices, processing and distribution costs, local demand, the strength of local currencies, local taxation, and the availability of local sources of gasoline (supply). Since fuels are traded worldwide the trade prices are similar, the price paid by consumers largely reflects national pricing policy: some regions, such as Europe and Japan, impose high taxes on gasoline (petrol); others, such as Saudi Arabia and Venezuela, subsidize the cost. Western countries have among the highest usage rates per person. The largest consumer is the United States, which used an average of 386 million US gallons (1.46 gigalitres) each day in 2005. US gasoline demand is projected to average 9.12 million barrels per day (1450000 m3/d) in 2011. Americans are expected to travel 8.27 billion miles per day in 2011. This equates to an average of 33 mi (53 km) per vehicle per day. The markup on gasoline in 2010 was 16.3 cents/US gallon, or 5.6 percent, and the federal excise tax on gasoline is 18.4 cents per US gallon (4.86 c/L) and 24.4 cents per US gallon (6.45 c/L) for diesel fuel. In January 2011, motor gasoline taxes averaged 48.1 cents per gallon (12.71 c/L) and diesel fuel taxes averaged 53.1 cents per gallon (14.01 c/L). Factoring in all gasoline sales in 2009 transactions — whether the customer paid by cash, check or by either debit or credit card — credit and debit card fees ...

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