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Retail markup over crude oil and wholesale gasoline, 2014–2019 Oil, gas, and diesel prices RBOB Gasoline Prices. In 2008, a report by Cambridge Energy Research Associates stated that 2007 had been the year of peak gasoline usage in the United States, and that record energy prices would cause an "enduring shift" in energy consumption practices. [6]
While most fuel taxes were initially levied as a fixed number of cents per gallon, as of 2016, nineteen states and District of Columbia have fuel taxes with rates that vary alongside changes in the price of fuel, the inflation rate, vehicle fuel-economy, or other factors. [7] The table below includes state and local taxes and fees.
Gas prices within the last 10 years highlight how volatile the market can be. When looking at historical data, gas prices were the same in 2011 as they were in 2023 — $3.52 per gallon.
The average price at the pump is $1.61 higher than it was one year ago. Nationwide, the highest average price for regular-grade gas is in the San Francisco Bay Area, at $6.20 per gallon.
Oil Price Information Service (OPIS) is a price reporting agency which provides information that is used for commercial contracts and trade settlement related to petroleum, gasoline, diesel, ethanol, biodiesel, LP-gas, jet fuel, crude, natural gas, petrochemicals, recycled plastics, refinery feedstocks, residual fuel, and kerosene.
Over the past week, gasoline prices rose slightly to an average of $3.22 per gallon in the United States, up from $3.19 per gallon for the week ending Nov. 11. But prices still remain well below ...
Diesel fuel, also called diesel oil, ... which should be put into consideration when comparing volumetric fuel prices. The CO 2 emissions from diesel are 73.25 g/MJ, ...
The US government estimated that pump prices for diesel fuel increased between 5 and 25 cents per US gallon (1.3 and 6.6 ¢/L) as a result of the transition [citation needed] and, according to the American Petroleum Institute, the domestic refining industry has invested over $8 billion to comply with the new regulations.
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