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The national gas average on Friday sat at $3.53 per gallon, nearly $0.10 higher than a year ago, according to AAA data. “Gas prices are a lot like seasonal temperatures.
(The Center Square) – The national average price of gasoline in the U.S. has fallen below $3 per gallon, just in time for those traveling for Christmas. Motorists across the country will most ...
Gasoline prices are on a downward trend, with 11 states now averaging below $3 per gallon. The steady decline comes amid falling seasonal demand and use of less-expensive winter-grade gas.
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 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 Free Lance–Star is the principal daily newspaper distributed throughout Fredericksburg, Virginia, United States, with a circulation area including the city of Fredericksburg and all or parts of the counties of Spotsylvania, Stafford, King George, Caroline, Culpeper, Fauquier, Louisa, Orange, Prince William and Westmoreland.
The national average price for a gallon of gasoline is a little more than $4.72, according to AAA as of July 8. ... GOBankingRates mapped out a chronology of average gas prices for more than 90 ...
The current national gas price average is $3.62 per gallon. The average cost of gas has decreased 15% in the last two years, from when it was $4.27 per gallon .