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The price per gallon never topped 90 cents in the closing years of the ’80s — about $2.40 today. A decade later in 1996-97, prices peaked at $1.23, which is almost exactly the same in 2022 ...
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.
According to data from AAA, the average gas price per gallon in the state has fallen from $3.37 a month ago to under $2.98 on Monday. This also represents a significant drop from this time last ...
2008. Price of a gallon of gas: $3.27. In 2022 dollars: $4.30. This article originally appeared on GOBankingRates.com: Gas Prices: The Cost of Gas the Year You Were Born. Show comments. The ...
U.S. natural gas prices were relatively stable at around (2006 US) $30/Mcm in both the 1930s and the 1960s. Prices reached a low of around (2006 US) $17/Mcm in the late 1940s, when more than 20 percent of the natural gas being withdrawn from U.S. reserves was vented or flared.
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. 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 ...
The national average price for a gallon of gasoline is at $3.68, according to AAA as of April 18, 2023. While the amount of pain at the pump people feel is more or less acute depending on their...
Ronira / Getty Images/iStockphoto. 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 ...