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Then, the team used a calculator from the Bureau of Labor statistics to account for inflation to reveal each year's price per gallon in 2022 money. Keep reading to learn the cost of gas the year ...
Inflation also worsened on a monthly basis, with prices jumping 0.5% in January from December, the largest increase since August 2023. Core prices climbed 0.4% last month, the most since March 2024. Grocery prices climbed 0.5% just in January, pushed higher by a 15.2% surge in egg prices, the biggest monthly increase since June of 2015.
Supported fuel types generally include gasoline, but may also include diesel, liquefied petroleum gas, biofuels and recharge electricity. The main utility of these websites is that they allow users to find the lowest price of gasoline in their area, since gasoline prices often vary significantly between gas stations in the same neighborhood.
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 average price of a gallon of gas stood at about $3.10 a gallon as of Monday, according to AAA, unchanged from Sunday’s price reading. Diesel prices were trading up 10 cents a gallon.
The annual percent change in the US Consumer Price Index for All Urban Consumers is one of the most common metrics for price inflation in the United States. The United States Consumer Price Index (CPI) is a family of various consumer price indices published monthly by the United States Bureau of Labor Statistics (BLS). The most commonly used ...
While prices have come down since the peak in June, prices were beginning to tick up again. Gas prices hit $3.79 a gallon the week of September 29, 2022, up from $3.73 on September 23, 2022 — an increase of $0.06 per gallon over the last week. [14] Since October 10, 2022, the price of gasoline has gone down again.
Gasoline prices rebounded 3.8% after declining 3.3% in January. Shelter, which includes rents, rose 0.4% after advancing 0.6% in the prior month. ... The Fed tracks the personal consumption ...