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The latest on what it’s costing you to fill up your vehicle.
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.
On average, as of April 2019, state and local taxes and fees add 34.24 cents to gasoline and 35.89 cents to diesel, for a total US volume-weighted average fuel tax of 52.64 cents per gallon for gas and 60.29 cents per gallon for diesel. [3]
The average price per gallon of gas in America briefly dipped below $2 in April and May of 2020 when the world’s highways were ghost roads. Then, as demand increased, prices rose — and rose ...
(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 ...
According to data from the U.S. Energy Information Administration, the highest gas prices under Biden came in June 2022 when the average price of gas in the U.S. hit $5.03 a gallon. Gas prices ...
Gas prices in the US are steadily rising again, leaving prospects of a $3 national average in the rearview mirror.. As of Feb. 15, the national average gas price stood at $3.28 per gallon, up $0. ...
And gas prices are falling fast, with more to come. All of this is music to the ears of drivers. US gas prices fell to a fresh six-month low of $3.31 a gallon on Thursday, down 50 cents from this ...