Search results
Results from the WOW.Com Content Network
The national average price for a gallon of gasoline is at $3.50, according to AAA as of Jan. 26, 2023. ... statistics to account for inflation to reveal each year's price per gallon in 2022 money ...
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 ...
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 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 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.
The objective was the coveted title as the Mobilgas Economy Run winner in each class. However, starting in 1959, entries were judged on an actual miles-per-gallon basis, instead of the ton-mileage formula used previously which favored bigger, heavier cars. [2] As a result, compact cars became the top mileage champs.
American drivers had it rough back in 1981. The average price of gasoline spiked to $1.353 a gallon that year -- up from $1.221 in 1980 and more than double the price just three years earlier....