Search results
Results from the WOW.Com Content Network
Gas prices hit a 2023 high earlier this month, renewing concerns that US inflation will reverse its downward trend. The upward trend is largely due to the 15% jump in crude oil prices seen in July .
Gasoline prices hit 2023 highs this week as US crude topped $90 per barrel for the first time since November of last year.. The national average for gas, according to AAA, reached $3.87 per gallon ...
October 10, 2023 at 8:00 AM. aabejon/Getty Images. Yes, gasoline prices in California — which have been nearly a dollar per gallon higher than in any other state — should come down soon and fast.
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 Energy Information Administration forecasts gasoline will average $3.36 next year, compared to $3.53 in 2023. The EIA also expects gasoline demand to fall by 1% in 2024, which would translate ...
Senate Bill X1-2 was signed by the governor in spring of 2023, which established a watchdog division within the California Energy Commission to investigate unexplained gas price spikes.
For now, average gas prices in California are back on the rise, hitting $6.420 a gallon as of Oct. 6, 2022, according to AAA. That’s roughly two-thirds higher than the national average of $3.867 ...
Gas prices are headed lower in the coming weeks, ... 2023 at 2:17 PM. ... The average price in California, where prices are most expensive compared to the rest of the country, registered at $4.68 ...