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Gas prices in the United States have slid from their all-time peak in fall 2022, but there are drivers in at least one state who still pull up to the pump and cringe. The current average gas price ...
In 1970, a gallon of gas cost 36 cents. By 1981, it had more than tripled to $1.19. For context as to just how bad things are now, $1.19 in 1981 was worth $4.05 in today’s money — gas was ...
The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. [1] [2] Proceeds from the tax partly support the Highway Trust Fund. 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.
California is one of just two states experiencing gas prices over $5 per gallon, based on current AAA statistics. The same factors driving oil prices up in California, including sanctions on ...
$4.50, maybe $4.25. That’s how low a regular gallon of gasoline could cost in California by the end of the year, said Patrick De Haan, head of petroleum analysis at GasBuddy, which tracks price ...
The price in California is up more than $1 from its average of $5.268 as recently as September, and is only slightly below the state’s record high of $6.438 a gallon set in June 2022.
Gasoline prices in California averaged $5.80 for a gallon of regular gasoline Monday. While that’s down from $6.06 a week ago, it’s up from last month’s $5.41, and is the highest price in ...
From California’s statewide average of $5.89 per gallon in September, the average price for a gallon of regular gas dropped more than a dollar (to $4.62) by t he end of the year.