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Search results for "60-degree fuel standard" ...
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Hot Fuel
While fuel expands when it gets hot, retail pumps are not making a price adjustment to compensate for the energy lost by using hotter fuel. A century ago, the oil industry set a standard of 60 degrees for fuel temperature, and the Star found that gas in the United States is on average five degrees higher than this. At every level of distribution, a price adjustment is made to compensate for the expanding fuel, but not at the consumer pump itself. "The cost to consumers, by not equipping retail pumps to adjust for temperature, is $2.3 billion per year while state and federal governments lose hundreds of millions of dollars annually in fuel taxes."
Tags: Fuel; hot fuel; gas prices; taxes; price adjustments; 60-degree fuel standard