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State gas prices rose for the second consecutive week and reached an average of $3.11 per gallon of regular fuel on Monday, up from last week's price of $3.11 per gallon, according to the U.S ...
A gasoline price website is a type of price comparison website that provides current fuel price information for different filling stations. Supported fuel types generally include gasoline , but may also include diesel , liquefied petroleum gas , biofuels and recharge electricity .
Gas prices also depend on the ZIP code you fill up in, with states in the West paying the highest gas prices on average and Southeastern states paying the lowest. ... Average price per gallon ...
For a 10-gallon fill-up, the added cost is $1.90. For somebody driving 12,000 miles a year who averages 25 miles per gallon, the added cost would be about $91 per year.
The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
Individual stations are unlikely to sell gasoline at a loss, and the profit margin—typically between 7 and 11 cents a US gallon (2–3 cents per liter)—that they make from gasoline sales is limited by competitive pressures: a gas station which charges more than others will lose customers to them.
Customers fill up at a UGas gas station, Monday, July 18, 2022, in Opa-Locka, Fla. Gas prices continue to decline and some cities are seeing prices under $4 a gallon for regular unleaded gasoline.
Price of a gallon of gas: $3.27 In 2022 dollars: $4.30 This article originally appeared on GOBankingRates.com : Rising Gas Prices: How Inflation Has Impacted Gas Prices Over the Years