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On Tuesday the national average price of gasoline was $3.08 per gallon, according to AAA data. ... compared to $3.53 in 2023. The EIA also expects gasoline demand to fall by 1% in 2024, which ...
Driving fuel prices ended 2023 near the lows of the year. ... Much of the price difference year-over-year had to do with declining oil prices, which slid an average of 10% in 2023.
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 ...
According to the EIA, gas prices across the region in the last year have been as low as $2.77 on Jan. 8, 2024, and as high as $3.77 on Aug. 14, 2023. A year ago, the average gas price in the ...
The average price of regular gasoline rose from $1.773 during the week of April 27, 2020, to $5 as of June 11, 2022, an all-time high. [37] California led the nation in gas prices with an average gallon of regular gas in the state reaching $6.43 as of June 11, 2022. [38]
The highest recorded average price of regular gas was in June 2022 at $5.06 per gallon. Drivers in California currently pay the most for gas at an average of $5.39 per gallon. Hawaii follows close ...
The latest numbers are for May 2023. Last December, gasoline profit margins peaked at 120% above the 2019 baseline, or 102% above the 2020 pre-COVID level. ... At the current average price of $3. ...
The average U.S. price of regular-grade gasoline plunged 19 cents over the past two weeks to $4.86 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the ...