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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 economies of Canada and the United States are similar because both are developed countries.While both countries feature in the top ten economies in the world in 2022, the U.S. is the largest economy in the world, with US$24.8 trillion, with Canada ranking ninth at US$2.2 trillion.
Natural gas prices 2000 - May 23, 2022 Comparison of natural gas prices in Japan, United Kingdom, and United States, 2007-2011 Natural gas prices at the Henry Hub in US Dollars per million Btu for the 2000-2010 decade. Price per million BTU of oil and natural gas in the US, 1998-2015
US Gas Prices Increase By As Much As 11% — See Where Your State Stacks Up Key takeaways. The average U.S. gas price on Jan. 15, 2025, was $3.09 per gallon — up 0.7% from $3.07 a year ago.
Donald Trump's proposed tariffs on Canada could increase U.S. gas prices by up to 70 cents a gallon, energy experts say.
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.
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 .
In June 2021, the national average price for a gallon of gas was $3.09, according to data from AAA, but as of June 2022, it had topped $5. That marks a gain of over 60% in a single year.