It is important to note, however, that crude oil accounts for only about 50 % of
the cost of a gallon of gasoline.
So the real
cost of a gallon of gasoline would include compensation for all the harms it's done to that point (in extraction, transport, processing, etc), and all harms it will do, including global heating harms, acid rain, and local pollution, including small particulate matter.
Not exact matches
The national average for a
gallon of regular
gasoline is at its lowest level in four years, giving U.S. consumers billions more to spend this holiday season, but that extra money is being offset by higher food
costs, which account for a bigger chunk
of most consumers» budgets.
Here's the average
cost of a single - family home, the best - selling cholesterol drug Lipitor, a movie theatre - ticket, a dozen eggs and a gallon of gasoline in the largest metropolitan areas of each of the ten states using data from the ACCRA Cost of Living In
cost of a single - family home, the best - selling cholesterol drug Lipitor, a movie theatre - ticket, a dozen eggs and a
gallon of gasoline in the largest metropolitan areas
of each
of the ten states using data from the ACCRA
Cost of Living In
Cost of Living Index.
These oils are cheap: It
costs only $ 1 to make oil through pyrolysis that has the same energy content as a
gallon of gasoline.
When you buy a
gallon of gasoline, for example, you're paying for the
costs of extracting that fuel from the ground, refining it, and shipping it to your corner gas station, along with other business overhead.
The standards will help avoid up to 2,000 premature deaths per year and 50,000 cases
of respiratory ailments in children while adding only an average
of 1 cent per
gallon to the
cost of gasoline, the EPA says
Depending on the quality
of the natural gas itself, the process can then make
gasoline at a
cost of roughly $ 31 to $ 63 per barrel (73 cents to $ 1.50 per
gallon), depending on whether the natural gas is pure methane (more costly to transform) or has other hydrocarbons mixed in.
One kilometre in a conventional car with a fuel consumption
of 9 litres per 100 kilometres (26 miles per US
gallon), with
gasoline at $ 3.60 per
gallon,
costs more than 8 cents.
Greene predicts that the expense
of meeting the new CAFE standards proposed in the Senate bill would probably range between $ 1,000 and $ 3,000 per vehicle, an up - front
cost that could be recouped in fuel savings within five years if the price
of gasoline remains above $ 3 a
gallon.
Alex Orr's dark comedy Blood Car stars Mike Brune as Archie Andrews, a mild - mannered elementary teacher attempting to beat the high
cost of gasoline (forty bucks a
gallon) by creating a car that runs on something other than traditional petrol.
If you have access to computers or a computer lab, let students use one
of the inflation calculators above to calculate the inflation - adjusted
cost (value compared to the current value
of the dollar)
of a
gallon of gasoline.
Although the vast majority
of customers opt for the turbo - diesel, the turbocharged
gasoline engine is fast catching up, since diesel fuel and
gasoline in Europe now
cost almost the same — a whopping $ 8.50 per U.S.
gallon.
A
gallon of unleaded
gasoline now
costs about $ 9.50 a
gallon in some regions
of Italy!
However, advertising for the Henry J still focused on operating
costs at a time when the rationing
of gasoline by the War Production Board ended and fuel sold for about 27 cents per
gallon.
According to averaged U.S. Environmental Protection Agency, electricity to power a Leaf would
cost the equivalent
of an inflation - protected 87 cents per
gallon of gasoline if one chose a Leaf over a 25 mpg gas - powered car.
We calculated
costs using the current fuel prices, $ 2.32 a
gallon for
gasoline, $ 2.49 a
gallon for diesel (as
of late June 2017).
For simplicity's sake, and to compare to an imaginary 25 - mpg gas car, let's figure 10 cents per kilowatt and
cost to travel on one
gallon of gasoline, or 25 miles.
At the pumps in Holliston, Massachusetts this morning, a
gallon of regular
gasoline cost $ 2.29.
Using my 42 real - world diesel mpg, which most drivers should be able to match, against the 30 highway mpg rating
of the gas - engine Equinox 1.5 T, and using the AAA's late - May average fuel prices
of $ 3.20 a
gallon for diesel (plus $ 5 for a
gallon of diesel exhaust fluid good for 10,000 to 12,000 miles), versus $ 2.96 a
gallon for regular unleaded
gasoline, yields a
cost per mile
of 9.07 cents for diesel and DEF; 9.87 cents per mile for
gasoline.
By the 13th day after the ill - fated vessel smacked into Bligh Reef, the average
cost of self - serve regular unleaded
gasoline had risen to $ 1.115 a
gallon.
He even has a solution to recent price increases at Central Florida
gasoline pumps, which have driven the
cost of a
gallon of regular unleaded up a nickel since mid-April.
The total
cost of gasoline over this time would be $ 4,350 (Ouch), but, your investment in the ETF Gasoline fund would also rise by roughly * the same percentage as the price of gasoline you paid (compared to your $ 3.00 per gallon target
gasoline over this time would be $ 4,350 (Ouch), but, your investment in the ETF
Gasoline fund would also rise by roughly * the same percentage as the price of gasoline you paid (compared to your $ 3.00 per gallon target
Gasoline fund would also rise by roughly * the same percentage as the price
of gasoline you paid (compared to your $ 3.00 per gallon target
gasoline you paid (compared to your $ 3.00 per
gallon target price).
Postage stamps are.02 cents, Albert Einstein is working on a new Theory
of Gravity,
gasoline costs.12 cents per
gallon and a concerned Tulsan holds an in - home meeting to help animals in the community.
Gasoline is still 35 Cents a
gallon... IF you pay for it in «Real Money» i.e. a pre 1965 silver quarter and dime, the melt value is ~ $ 3.59, about the
cost of a
gallon of gas.
Europeans already know the high
cost of energy, from taxes, but Americans and others are living in a fantasy land
of cheap energy even with four dollar per
gallon gasoline.
Right now, the average
cost of gasoline is $ 3.58 per
gallon.Even if she managed to prevent the renewal
of our relatively tiny national gas tax (it expires this year, and some Tea Partiers are zeroing in on it), she'd only manage to shave off something like 38 cents
of the
cost per
gallon.
Wind - generated electricity to operate cars could
cost the equivalent
of 80 - cent - per
gallon gasoline.
So, while a
gallon of ethanol - blended gas may
cost the same as regular
gasoline, it won't take you as far.
For example, an EV driver could save nearly $ 13,000 on fuel
costs and use 6,100 fewer
gallons of gasoline over the life
of the vehicle relative to today's average compact
gasoline car.Driving on electricity is cheaper than driving on
gasoline.
The average American household is currently paying about $ 2.24 a
gallon for
gasoline and expects to buy 769
gallons of gas this year, for an anticipated
cost of $ 1,725, according to AAA.
The administration's latest anti-energy revolution proposal is an ill - conceived plan to slap a $ 10 - per - barrel fee or tax on crude oil that could increase the
cost of a barrel
of crude by 30 percent and add 25 cents to the price
of a
gallon of gasoline.
Gasoline's indirect
costs of $ 12 per
gallon provide a reference point for raising taxes to where the price reflects the environmental truth.
Gasoline indirect
cost calculated based on International Center for Technology Assessment (ICTA), The Real Price of Gasoline, Report No. 3 (Washington, DC: 1998), p. 34, and updated using ICTA, Gasoline Cost Externalities Associated with Global Climate Change: An Update to CTA's Real Price of Gasoline Report (Washington, DC: September 2004), ICTA, Gasoline Cost Externalities: Security and Protection Services: An Update to CTA's Real Price of Gasoline Report (Washington, DC: January 2005), Terry Tamminen, Lives Per Gallon: The True Cost of Our Oil Addiction (Washington, DC: Island Press, 2006), p. 60, and Bureau for Economic Analysis, «Table 3 — Price Indices for Gross Domestic Product and Gross Domestic Purchases,» GDP and Other Major Series, 1929 — 2007 (Washington, DC: August 2007); U.S. Department of Energy (DOE), Energy Information Administration (EIA), This Week in Petroleum (Washington, DC: various issu
cost calculated based on International Center for Technology Assessment (ICTA), The Real Price
of Gasoline, Report No. 3 (Washington, DC: 1998), p. 34, and updated using ICTA,
Gasoline Cost Externalities Associated with Global Climate Change: An Update to CTA's Real Price of Gasoline Report (Washington, DC: September 2004), ICTA, Gasoline Cost Externalities: Security and Protection Services: An Update to CTA's Real Price of Gasoline Report (Washington, DC: January 2005), Terry Tamminen, Lives Per Gallon: The True Cost of Our Oil Addiction (Washington, DC: Island Press, 2006), p. 60, and Bureau for Economic Analysis, «Table 3 — Price Indices for Gross Domestic Product and Gross Domestic Purchases,» GDP and Other Major Series, 1929 — 2007 (Washington, DC: August 2007); U.S. Department of Energy (DOE), Energy Information Administration (EIA), This Week in Petroleum (Washington, DC: various issu
Cost Externalities Associated with Global Climate Change: An Update to CTA's Real Price
of Gasoline Report (Washington, DC: September 2004), ICTA,
Gasoline Cost Externalities: Security and Protection Services: An Update to CTA's Real Price of Gasoline Report (Washington, DC: January 2005), Terry Tamminen, Lives Per Gallon: The True Cost of Our Oil Addiction (Washington, DC: Island Press, 2006), p. 60, and Bureau for Economic Analysis, «Table 3 — Price Indices for Gross Domestic Product and Gross Domestic Purchases,» GDP and Other Major Series, 1929 — 2007 (Washington, DC: August 2007); U.S. Department of Energy (DOE), Energy Information Administration (EIA), This Week in Petroleum (Washington, DC: various issu
Cost Externalities: Security and Protection Services: An Update to CTA's Real Price
of Gasoline Report (Washington, DC: January 2005), Terry Tamminen, Lives Per
Gallon: The True
Cost of Our Oil Addiction (Washington, DC: Island Press, 2006), p. 60, and Bureau for Economic Analysis, «Table 3 — Price Indices for Gross Domestic Product and Gross Domestic Purchases,» GDP and Other Major Series, 1929 — 2007 (Washington, DC: August 2007); U.S. Department of Energy (DOE), Energy Information Administration (EIA), This Week in Petroleum (Washington, DC: various issu
Cost of Our Oil Addiction (Washington, DC: Island Press, 2006), p. 60, and Bureau for Economic Analysis, «Table 3 — Price Indices for Gross Domestic Product and Gross Domestic Purchases,» GDP and Other Major Series, 1929 — 2007 (Washington, DC: August 2007); U.S. Department
of Energy (DOE), Energy Information Administration (EIA), This Week in Petroleum (Washington, DC: various issues).
* In the original June 2005 draft
of this paper the reader would have seen an estimate that the
cost of powering a hybrid with average (8.5 cents / kwh) residential electricity from the grid would be about one - quarter the
cost of powering the same vehicle in its normal operating mode using $ 2 /
gallon gasoline.
When one takes into consideration the different efficiencies
of liquid - fueled and electric propulsion, then where the rubber meets the road the
cost of powering a plug - in hybrid with average -
cost residential electricity would be about 40 per cent
of the
cost of powering the same vehicle with today's approximately $ 2.50 /
gallon gasoline, or, said another way, for the consumer to be able to buy fuel in the form
of electricity at the equivalent
of $ 1 /
gallon gasoline.
Thus the use
of average -
cost electricity from the grid would equate to about half the
cost of using $ 2 /
gallon gasoline, not one - quarter.
Also, since the average residential electricity
cost is 8.5 cents / kwh (and in many areas, off - peak nighttime
cost is 2 - 4 cents / kwh) this means that, after taking account
of the differential efficiencies
of electric and
gasoline power, much
of a plug - in hybrid's travel would be on electricity that is the equivalent
of $ 1 /
gallon gasoline (or, off - peak, 25 - 50 cents /
gallon) as contrasted with the same vehicle's use
of today's approximately $ 2.50 /
gallon gasoline.
... the
cost of powering a plug - in hybrid with average -
cost residential electricity would be about 40 per cent
of the
cost of powering the same vehicle with today's approximately $ 2.50 /
gallon gasoline, or, said another way, for the consumer to be able to buy fuel in the form
of electricity at the equivalent
of $ 1 /
gallon gasoline.
With plug - in hybrids and all - electric cars coming to market that can run on local wind - generated electricity at a
gasoline - equivalent
cost of 80 cents per
gallon, why keep burning costly fuel at four times the price?
Using off - peak power would then equate to being able to buy 25 - to - 50 cent /
gallon gasoline... the possibility
of powering one's family vehicle with fuel that can
cost as little as one - tenth
of today's
gasoline (in the U.S. market) should solve rapidly the question whether there would be public interest in and acceptability
of plug - in hybrids.
«Over the lifetime
of an electric vehicle, owners can reduce fuel consumption by more than 4,000
gallons of gasoline, reduce fuel
costs by thousands
of dollars, and cut their reliance on foreign oil,» said Massachusetts Undersecretary for Environment Martin Suuberg at the dealership event.
For a preview
of what this could mean to American families, one can look to Germany, where due to restrictions on carbon dioxide emissions, electricity
costs three - times more than in the US and
gasoline is now $ 8.00 per
gallon.
For example, a $ 100 per ton
of CO2 allowance price would increase the average
cost of electricity generation from coal - fired power plants by about 400 %, the average
cost of electricity generation from natural gas plants by about 100 %, and
gasoline prices by about $ 1.00 per
gallon.
Even more exciting, recharging batteries with off - peak wind - generated electricity would
cost the equivalent
of less than $ 1 per
gallon of gasoline.
On average, fueling a car with electricity is roughly the same as gas at $ 1 /
gallon of fueling with
gasoline, thanks to EV's performance efficiency and the lower
cost of electricity.
The market price for a
gallon of gasoline, for example, reflects the
cost of drilling, extracting, refining and transporting the oil.
Note: each $ 10 / ton CO2
cost adds about 1 cent / kWh to the portion
of electricity from coal, half that to the portion from natural gas, and 9 cents /
gallon to
gasoline.
For normal commuters (not NYC, or anywhere else with a good metro system), a plug - in hybrid with a 40 mile range will almost completely eliminate the need for
gasoline as the average commute is only 29 miles and the only time any gas will be used will be on the odd ski trip or other long trip, and with no demand for
gasoline, gas will drop to 90 cents /
gallon to compete with electricity which
costs the equivalent
of about 60 cents /
gallon.
Back in 2010, when it emerged out
of stealth mode, GridShift said it could produce hydrogen at a
cost of $ 2.51 per kilogram, «effectively making hydrogen a more affordable alternative than
gasoline at an equivalent
cost of $ 2.70 per
gallon of gasoline.»