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The Total Expenditures dashboard provides an overview of all state expenses by fiscal year, funding source, expense category, account or agency.
- Introduction
- Executive Summary
- Phase 1: Analysis of Gasoline Octane Costs
- Phase 2: Future Gasoline Octane Scenarios
In 2017, the U.S. average retail premium gasoline price was $0.50 per gallon (gal) more than the price of regular gasoline. The difference between premium gasoline and regular gasoline prices began to increase in approximately 2010. The cause of this price spread may be the result of a change in U.S. refinery operations or retail gasoline pricing d...
In the United States, since approximately 2010, the price difference between regular gasoline with an octane rating, or Anti–Knock Index (AKI), of 87, and premium gasoline with an AKI of 91 has been increasing. Between 2010 and 2017, the U.S. average retail price difference between premium gasoline and regular gasoline doubled, from approximately $...
This section examines the possible causes for the increasing premium–to–regular price spread related to the production of motor gasoline and its components at refineries in the United States. To that end, EIA retained Baker & O’Brien to analyze the factors and conditions at refineries that could result in the increasing spread. Baker & O’Brien’s an...
In Phase 2, Baker & O’Brien analyzed whether or not the U.S. domestic refining industry would be capable of meeting higher octane demand if the octane requirements for retail gasoline increased. The scenario assumes that, beginning with model year 2023, all light–duty vehicles in the United States will require a minimum 95 research octane number (R...
To assess octane costs, this study examines trends at the national, the Petroleum Administration for Defense District (PADD), and the regional wholesale market levels. The market for motor gasoline is global, and the U.S. gasoline market is interconnected with the global gasoline market through imports and exports.
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Using the retail price of gasoline for the period from May 16, 2024, to June 15, 2024, (as required by IC 6-2.5-3.5-15(b)(1)), the department has determined the statewide average retail price per gallon of gasoline to be $2.8655 for the period.
Step One - Select a single city in order to identify price trends or to identify a historical price most accurately. Select multiple cities to compare pump prices between cities. Step Two - Selection of time duration will define how long into history the prices will be displayed.
Jul 13, 2022 · Indiana has two gas taxes, an excise tax and a sales tax. The excise tax, currently at 33 cents, increased by 10 cents in 2017 to fund road maintenance and construction. This tax increases 1 cent per year to keep pace with inflation. The sales tax is a 7% tax on each gallon of gasoline.
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The cost of producing incremental octane was calculated using two approaches and was shown to be less than the market price of octane. Gasoline, gasoline components, and feedstocks (e.g. naphtha) used to make gasoline are global commodities that are frequently traded between regions and countries.
