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An increase in LPG prices has been a politically sensitive matter in India as it potentially affects the middle class voting pattern. LPG was once a standard cooking fuel in Hong Kong; however, the continued expansion of town gas to newer buildings has reduced LPG usage to less than 24% of residential units. However, other than electric ...
Current and historical gas price averages, ... 2021: $3.01. 2022: $3.95. 2023: $3.52. Historical gas prices and trends. Fluctuations in gas prices are a normal trend around the globe.
In June 2021, the national average price for a gallon of gas was $3.09, according to data from AAA, but as of June 2022, it had topped $5. That marks a gain of over 60% in a single year.
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.
In September 2021, gas prices in Europe reached all-time highs, following a collapse of wind-based power generation on account of low winds. [ 31 ] [ 32 ] In December 2021, they reached $2000 for 1000 m3 for the first time, corresponding to €172.52/MWh (€50.56/MMBtu) on the TTF hub in the Netherlands according to the London ICE.
Nationwide, the per-gallon average for gas was last below $3 in mid-May 2021, according to AAA. ... GasBuddy, which also monitors fuel prices, said the average cost of gas ticked below $3 Monday.
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