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The national average price of gas is $3.53 as of March 21. Iowans are currently paying about 20 cents less, but more than they were earlier this year. Yes, gas prices in Iowa are going up.
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.
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.
The current national gas price average is $3.62 per gallon. The average cost of gas has decreased 15% in the last two years, from when it was $4.27 per gallon. The highest recorded average price ...
Separate data from AAA show the nationwide average for gas prices is $3.217 per gallon, down 17% from a year ago. Most states in the South and parts of the Midwest already pay less than $3 ...
MidAmerican Energy Company owns and operates 5 coal plants in the state of Iowa, including units in Salix (near Sioux City), Ottumwa, Louisa, Council Bluffs. These plants are responsible for one-third of Iowa's industrial CO2 Emissions [ 6 ] and have been found to have led to 3,700 premature deaths in the U.S. as a result of particulate matter ...
The national average price for a gallon of gasoline is at $3.50, according to AAA as of Jan. 26, 2023. ... a chronology of average gas prices for more than 90 years dating back to 1929, giving all ...
Drivers in the states closest to the Gulf Coast's oil production and refineries are looking at average pump prices just under $3 per gallon, according to AAA data. Those include: Alabama: $2.95