Gas Prices In Italy

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Turkey has a steep energy demand, which poses a growing energy import dependency, mainly on oil and natural gas. In the context, natural gas of around 4.86 billion cubic metres (bcm) was delivered by Azerbaijan to Turkey in the January-September 2017 period. Continue reading โ†’

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The EIA projects consumption in the Organization for Economic Cooperation and Development (OECD) countries to increase slightly this year and next. Global growth is concentrated in the non-OECD countries including China and the Middle East with world gains of 1.34 million barrels per day in 2015 and 1.41 million barrels per day in 2016. The 34 member countries of the OECD include: Australia Austria Belgium Canada Chile Czech Republic Denmark Estonia Finland France Germany Greece Hungary Iceland Ireland Israel Italy Japan Korea (South) Luxemburg Mexico Netherlands New Zealand Norway Poland Portugal Slovakia Spain Sweden Switzerland Turkey United Kingdom United States Gasoline Taxes (Combined Local, State and Federal โ€“ Cents per Gallon, April 2017) The average nationwide tax collected on each gallon of gasoline sold at the retail station is 49.

50 cents. Of that, 18.4 cents per gallon goes to the federal government; the rest ends up in state and local government coffers. The amount of gasoline taxes collected by states can vary widely, from just 30.65 cents per gallon in Alaska, to as much as 77.7 cents per gallon in Pennsylvania. In addition to excise taxes, other taxes can also apply, such as sales taxes, gross receipts taxes, oil inspection fees, county and local taxes, underground storage tank fees, and other miscellaneous environmental fees.

These additional taxes contribute to the difference collected among states. 2013 2014 2015 Projected 2016 Projected WTI Crudea($/barrel) 97.98 93.17 49.53 53.57 Brent Crude($/barrel) 108.56 98.89 53.96 58.57 Gasolineb($/barrel) 3.51 3.36 2.42 2.38 Dieselc($/barrel) 3.92 3.83 2.72 2.77 Heating Oild($/barrel) 3.78 3.72 2.73 2.65 Natural Gasd($/mcf) 10.29 10.94 10.35 10.28 Electricityd(ยข/kwh) 12.

12 12.50 12.55 12.69 a West Texas Intermediate b Average Regular Pump Price c On-Highway Retail d Residential Average Source: EIA, Short-Term Energy Outlook, October 2015. Looking ahead, the Energy Information Administration projects the annual price of WTI crude will fall by $43.64 per barrel in 2015 and increase by $4.04 per barrel in 2016. Brent crude oil prices are projected to follow a similar pattern of falling this year and increasing next year.

EIA expects changes in crude oil prices will be reflected in prices for the products made from crude oil, such as gasoline, diesel, and heating oil.

Hazel Gordon

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