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Future gas prices depend on a number of factors that aren’t easy to predict, but as a benchmark, the U.S. Energy Information Administration released predictions for lower gas prices, averaging ...
The first federal gasoline tax in the United States was created on June 6, 1932, with the enactment of the Revenue Act of 1932, which taxed 1¢/gal (0.3¢/L). Since 1993, the US federal gasoline tax has been unchanged (and not adjusted for inflation of nearly 113 percent through 2023) at 18.4¢/gal (4.86¢/L).
Gasoline prices have been dropping fairly steadily in California and across the nation since their June 2022 peak. Nationally, the average price of a gallon of regular gasoline Thursday was $3.20.
Prediction for Average Gas Prices in 2023. The current outlook is that gas prices will fall over the next couple of months but start ticking back up in February. So, what does that mean for the ...
Expectations are for a 48 Bcf build
Natural gas prices moved higher on Wednesday ahead of Thursday’s inventory report from the Department of Energy. Expectations are that inventories will rise by 57 Bcf according to Estimize. This ...
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