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On average, as of April 2019, state and local taxes and fees add 34.24 cents to gasoline and 35.89 cents to diesel, for a total US volume-weighted average fuel tax of 52.64 cents per gallon for gas and 60.29 cents per gallon for diesel. [3]
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.
Average monthly gas prices are down $1.91 per gallon from their peak in June 2022, according to the newest LendingTree analysis. But average daily gas prices are up by 0.7% year over year as of ...
The price of gasoline in the U.S. is shaped by a variety of factors, including the cost of crude oil, distribution and marketing costs, profits and taxes. These are big picture issues that are well...
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.
Most of the ethanol consumed in the U.S. is in the form of low blends with gasoline up to 10%. Shown a fuel pump in Maryland selling mandatory E10. Beginning in late 2008 and early 2009, the industry came under financial stress due to that year's economic crisis. Motorists drove less and gasoline prices dropped sharply, while bank financing shrank.
The the Chicago area is already at $4.07 a gallon, according to AAA, but that average price, based on Tuesday’s prices, was down 1 cent from the previous day. For more CNN news and newsletters ...
Gas prices will fall to an average of $3.36 per gallon. That's a drop of almost 5% from last year, according to the U.S. Energy Information Administration. Experts are looking for prices to slide ...