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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.
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Here are today’s gas prices in all 50 states plus the District of Columbia — ranked from most to least expensive — for regular, midgrade, premium and diesel gas, according to AAA. 1. California
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 states of Colorado, North Dakota, and New Mexico followed shortly thereafter. By 1929, all existing 48 states had enacted some sort of gas tax. [28] Today, fuel taxes in the United States vary by state. The United States federal excise tax on gasoline is 18.4 cents per US gallon (4.9 ¢/L) and 24.4 cents per US gallon (6.4 ¢/L) for diesel ...
In Indiana a gallon of regular was going, on average, for $5.15. ... According to AAA Hoosier Motor Club, the highest average gas price since data has been collected was set on June 7. In Indiana ...
According to new Energy Information Administration (EIA) data, last week’s combination of gas demand’s drop from 9.49 to 8.95 million barrels a day (b/d) and oil prices dip by 1.5 million ...