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The price of gasoline now stands at $3.64 per gallon, according to AAA, much lower than last summer’s high of just over $5. But the cost to fill up a tank has been creeping upward from the $3.55 ...
Newsom also called lawmakers into a special session to address spiking gas prices in late 2022. In early 2023, the legislature passed a bill creating the Division of Petroleum Market Oversight ...
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.
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 2010, the company launched its own mobile apps that allowed users to input gas prices from their smartphones. [3] In 2013, Oil Price Information Service (OPIS), a subsidiary of UCG, acquired GasBuddy. [4] OPIS is a provider of petroleum pricing and news for businesses.
As of 2:43 p.m. Eastern Time on Wednesday, just over 24% of Florida's 7,912 gas stations were without fuel, according to data from Gas Buddy, which tracks filling stations around the U.S. In Cape ...
The Fed is focused on core inflation, which excludes the volatile food and energy categories. In August, core consumer prices rose 4.3% over last year — a slowdown from the 4.7% annual increase ...
A gas station with convenience store in Saskatoon. In order to address what it calls "a number of legal challenges" to selling new types of fuel, NACS strongly supports the Domestic Fuels Protection Act of 2013. The Act is designed to offer retailers more flexibility and legal protection so that they can offer their customers more choices. [1]