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For now, much of Texas is seeing prices per gallon fall under $3. Fort Worth isn’t the only Texas city where the average gas price fell in the past week: Dallas: $2.94 per gallon, 19.6 cents ...
While Texas has the lowest state average price per gallon of gasoline at $2.93, Austin has the highest average gas price among the major Texas cities at $2.95 a gallon, according to AAA Texas.
The state's average gas price dropped 4.2% last week. Currently, gas prices are 76 cents away from the annual low of $2.73 in Texas.
The average for a regular gallon of gas in the Dallas metro area is below the state average, sitting at $2.89 a gallon, down from $3.03 last week. Armbruster says about 90 percent of those ...
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.
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.
The national average for gas prices is $3.54 per gallon as of March 2024, but the final price you pay might be drastically higher — or lower — depending on the state that you live in.For ...
According to data from AAA, gas prices in Texas are nearing the national average. While the average price of regular gas in the United States is $3.63 per gallon, Texas residents pay an average of ...