What is the current EIA fuel index?
Gasoline and Diesel Fuel Update
| Change from | ||
|---|---|---|
| 11/29/21 | year ago | |
| West Coast (PADD5) | 4.450 | 1.325 |
| West Coast less California | 4.032 | 1.219 |
| California | 4.818 | 1.433 |
What is EIA oil and gas?
Homepage – U.S. Energy Information Administration (EIA)
What is EIA oil report?
The Energy Information Administration’s (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation.
What is the diesel fuel surcharge?
Our surcharge is based on the “Central Atlantic” weekly average….http://www.eia.gov/oog/info/wohdp/diesel.asp.
| At Least | But Less Than | Fuel Surcharge |
|---|---|---|
| $ 1.601 | $ 1.65 | 1.00% |
| $ 1.651 | $ 1.70 | 1.50% |
| $ 1.701 | $ 1.75 | 2.00% |
| $ 1.751 | $ 1.80 | 2.50% |
Why has the price of diesel gone up?
Logistics companies have warned of price rises after a shortage of lorry drivers forced many to offer big salary increases. Businesses are also battling with longer delivery times and higher shipping costs due to backlogs at ports around the world.
Why is diesel so expensive?
Taxes also factor into the higher costs for diesel fuel. The federal tax on diesel fuel is 6 cents more than gasoline per gallon (24.4 cents versus 18.4 cents). The last tax increase came in the early 90s, when diesel fuel generally cost less than gasoline.
What is the difference between petroleum gas and natural gas?
Petroleum gas is mainly C3 and C4 based (propane and butane ), whilst natural gas is predominantly C1 and C2 (methane and ethane). Petroleum gas is generally produced via the cracking of naphtha, which is one of the components separated during crude oil refining.
Is gasoline a by-product of diesel?
It’s not really proper to say that diesel is a by-product of making gasoline. If we didn’t have a use for gasoline, and burned only diesel, we would consider gasoline to be a waste product of refining diesel oil. However, diesel is a natural residual product of gasoline production.
What is petroleum gas used for?
Liquefied petroleum gas or liquid petroleum gas (LPG or LP gas), also referred to as simply propane or butane, are flammable mixtures of hydrocarbon gases used as fuel in heating appliances, cooking equipment, and vehicles.
Is diesel fuel or gas?
Gasoline, diesel fuel and fuel oil are all petroleum products. Petroleum is a mixture found in the earth, composed of crude oil and natural gas.