article thumbnail

DOE: Adjusted for inflation, the price of gasoline in 2019 was similar to the price in 1929

Green Car Congress

From 2002 to 2008, the price of gasoline rose substantially, but then fell sharply in 2009 during the economic recession. Note: Retail price includes Federal and State Taxes. The graph below shows the effect of the oil embargo in the early 1980s.

Gasoline 418
article thumbnail

Study Finds that US Subsidies for Fossil Fuels Are Almost 2.5x Those for Renewables

Green Car Congress

US subsidies for fuels and renewable energy, 2002-2008. The study, “Estimating US Government Subsidies to Energy Sources: 2002-2008”, found that fossil fuels benefited from approximately $72 billion over the seven-year period, while subsidies for renewable fuels totaled $29 billion. Nuclear was not included in the analysis.

Renewable 338
article thumbnail

Elon Musk’s 2021 taxes equates to over $1.5 million for every day he’s been a US citizen

Teslarati

Elon Musk has confirmed on Twitter that his 2021 tax bill will be around $11 billion, thanks to his sale of Tesla stock this year. The news agency noted that the figures could represent “the single tax bill ever,” thanks in part to Musk’s combined tax rate of 53%. .

Tax 145
article thumbnail

Hasner’s Florida State Electric Car Tax Break Gets Boost

Revenge of the Electric Car

Josh Hafenbrack posts this informative entry covering the status of Hasner’s Florida State electric car tax break on the SunSentinel.com. During the fall campaign, Hasner drove a leased 2002 all-electric Toyota RAV-4 throughout his south Palm Beach-Broward county district — when gas was at its $4-a-gallon peak. “I

Florida 124
article thumbnail

Toyota to launch its fuel cell vehicle in Japan before April 2015, priced around $68,700; reveals exterior

Green Car Congress

In Japan, the fuel cell sedan will go on sale at Toyota and Toyopet dealerships, priced at approximately ¥7 million (US$68,700) (MSRP; excludes consumption tax). In 2002, Toyota began limited sales of the FCHV in the US and Japan. Toyota has made significant improvements to the fuel cell system since 2002.

Japan 304
article thumbnail

Hasner’s Florida State Electric Car Tax Break Gets Boost

Revenge of the Electric Car

Josh Hafenbrack posts this informative entry covering the status of Hasner’s Florida State electric car tax break on the SunSentinel.com. During the fall campaign, Hasner drove a leased 2002 all-electric Toyota RAV-4 throughout his south Palm Beach-Broward county district — when gas was at its $4-a-gallon peak. “I

Florida 100
article thumbnail

BIO Calls for Policies to Nurture BioBased Chemicals and Plastics Industry in US

Green Car Congress

Employment in the plastics industry has followed a similar trend, with a 12% decrease since 2002. Total US employment in the chemicals industry declined by more than 20% in the last two decades, from more than 1 million in 1990 to just over 800,000 in 2009, and is projected to decrease further.

Industry 239