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The national average price for a gallon of gasoline is at $3.50, according to AAA as of Jan. 26, 2023. While the amount of pain at the pump people feel is more or less acute depending on their ...
In August 2023, the average per gallon was $3.83, according to AAA. As of Nov. 3, 2023, the current average gas price is $3.44 per gallon in the United States. Highest Gas Prices in the US.
The price per gallon never topped 90 cents in the closing years of the ’80s — about $2.40 today. A decade later in 1996-97, prices peaked at $1.23, which is almost exactly the same in 2022 ...
GasBuddy's 2024 Fuel Outlook projected that the national average price of gasoline would drop from $3.51 per gallon in 2023 to $3.38 in 2024. Show comments Advertisement
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.
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.
The national average for regular driving fuel now sits at $3.20 per gallon, according to AAA data. The last time gas prices were this low in 2023 was on Jan. 1, at $3.21.
A Gallon of Gas. According to a May 2 analysis from Yahoo Finance senior columnist Rick Newman, the average gas price was $2.47 per gallon when Trump took office in January 2017. The average for ...