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According to AAA Hoosier Motor Club, the highest average gas price since data has been collected was set on June 7. In Indiana a gallon of regular was going, on average, for $5.15. Around Clark ...
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Today's falling gas prices, explained. There are a few factors contributing to today's falling gas prices. Gas prices are once again on the decline across the U.S., bringing some relief to drivers ...
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.
While most fuel taxes were initially levied as a fixed number of cents per gallon, as of 2016, nineteen states and District of Columbia have fuel taxes with rates that vary alongside changes in the price of fuel, the inflation rate, vehicle fuel-economy, or other factors. [7] The table below includes state and local taxes and fees.
Husky – retail operations sold to Parkland Corporation and Federated Co-operatives in 2021; Mohawk Oil – acquired by Husky in 1998; Sunoco – owned by Suncor Energy; operated 200 stations in Ontario, since 2009 converted to Petro-Canada
Gas prices within the last 10 years highlight how volatile the market can be. When looking at historical data, gas prices were the same in 2011 as they were in 2023 — $3.52 per gallon.
Today, these regions are still used for data collection purposes. The Petroleum Administration for War was established in 1942 by executive order , and abolished in 1946. The districts are now named for the later Petroleum Administration for Defense which existed during the Korean War .