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In early 2020 the gas price has dropped down to a national average of $1.73 a gallon. [11] In 2021, the average price increased to $3.01/gallon. [12] By the end of June 2022, the price of gasoline reached a record high of over $5/gallon with some places reporting $6/gallon. [13]
Adjusted for inflation, the average price of gas in 1981 would have equaled $2.421 a gallon in 2020. See: National Gas Prices Have Gone Up More Than 45 Cents Per Gallon Since the Russia-Ukraine ...
The gasoline crack was $9.63 a barrel, the lowest pandemic-era shutdowns of 2020. Gasoline prices, currently averaging $3.77 a gallon, could end up near $3 a gallon in regions including the ...
According to new Energy Information Administration (EIA) data, last week’s combination of gas demand’s drop from 9.49 to 8.95 million barrels a day (b/d) and oil prices dip by 1.5 million ...
The first US state to tax fuel was Oregon, introduced on February 25, 1919. [4] It was a 1¢/gal tax. [5] In the following decade, all of the US states (48 at the time), along with the District of Columbia, introduced a gasoline tax. By 1939, many states levied an average fuel tax of 3.8¢/gal (1¢/L).
The real-world difference is greater, because gas prices were lower in 2019 and 2020. In May 2019, for instance, gas prices were around $2.95. So the 6.7% margin represented a cost of about 20 ...
U.S. producer prices fell by the most in three-and-a-half years in October amid a sharp drop in the cost of gasoline, the latest indication of subsiding inflation pressures. The producer price ...
U.S. gasoline prices are the lowest they have been since January and by Christmas could fall below $3 a gallon for the first time since 2021, analysts said, which should boost consumer confidence ...