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(The Center Square) - California gas prices could rise up to $1.15 per gallon next year thanks to the state’s new carbon credit system, taxes, refinery regulations, and refinery shutdown. This ...
Gas prices have been on the rise nationwide, but for California drivers, they've skyrocketed in a short amount of time.. The Golden State's average at the pump surged by $0.23 to $5.27 per gallon ...
The average U.S. gas price on Jan. 15, 2025, was $3.09 per gallon — up 0.7% from $3.07 a year ago. The highest average gas price per gallon in 2024 was in April ($3.61) and the lowest was in ...
Gas prices in California are heading painfully higher once again, sending the national average up for the second straight week to over $3.80 per gallon.. The average price for a gallon of gas in ...
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.
Over the long term, they found that gasoline prices could increase by $1.15 per gallon and diesel by $1.50 per gallon from 2031 to 2046. They also projected a $1.21 jump in jet fuel prices.
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