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Gas prices have spiked in and around Chicago after a tornado sidelined a major ExxonMobil oil refinery last week. A gallon of gas in Chicago is now selling for an average of $4.34 , according to AAA.
The the Chicago area is already at $4.07 a gallon, according to AAA, but that average price, based on Tuesday’s prices, was down 1 cent from the previous day. For more CNN news and newsletters ...
The national average price for a gallon of gasoline is at $3.50, according to AAA as of Jan. 26, 2023. ... GOBankingRates mapped out a chronology of average gas prices for more than 90 years ...
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]
Summit is a city in Cook County, Illinois, United States.The population was 11,161 at the 2020 census. [2] The name Summit, in use since 1836, refers to the highest point on the Chicago Portage between the northeast-flowing Chicago River and the southwest-flowing Des Plaines River located just north of the city.
It wasn’t until 2005, when inflation began rising briefly again, that gas hit $2.30 a gallon — about $3.57 in today’s money. In 2010, gas prices reached $2.79, about $3.82 in 2022 dollars.
American drivers had it rough back in 1981. The average price of gasoline spiked to $1.353 a gallon that year -- up from $1.221 in 1980 and more than double the price just three years earlier....