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The cost of diesel, widely used for transportation, is also lower. The national average sat at $4.16 per gallon, down from $4.39 one month ago, and $5.03 on the same day last year, according to AAA.
While prices have come down since the peak in June, prices were beginning to tick up again. Gas prices hit $3.79 a gallon the week of September 29, 2022, up from $3.73 on September 23, 2022 — an increase of $0.06 per gallon over the last week. [14] Since October 10, 2022, the price of gasoline has gone down again.
Average U.S. pump prices are still well below the record $5 per gallon seen in summer 2022. But at $3.85 per gallon, they're still up 15 cents from a year ago. ... A gallon of diesel cost $4.58 ...
The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. [1] [2] Proceeds from the tax partly support the Highway Trust Fund. The federal tax was last raised on October 1, 1993, and is not indexed to inflation, which increased 111% from Oct. 1993 until Dec. 2023.
Today, fuel taxes in the United States vary by state. The United States federal excise tax on gasoline is 18.4 cents per US gallon (4.9 ¢/L) and 24.4 cents per US gallon (6.4 ¢/L) for diesel fuel. On average, as of July 2016, state and local taxes add 29.78 cents to gasoline and 29.81 cents to diesel for a total US average fuel tax of 48.18 ...
The average cost of gas has decreased 15% in the last two years, from when it was $4.27 per gallon. The highest recorded average price of regular gas was in June 2022 at $5.06 per gallon.
It adds about 10 cents of additional cost per gallon of gas, said Borenstein. ... Those 11 refineries produce 90% of California’s gas and diesel fuel, according to California’s energy department.
Diesel fuel has many colloquial names; most commonly, it is simply referred to as diesel.In the United Kingdom, diesel fuel for road use is commonly called diesel or sometimes white diesel if required to differentiate it from a reduced-tax agricultural-only product containing an identifying coloured dye known as red diesel.