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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.
Oil and gasoline prices were subdued from 2014 through early 2021, which included the Trump presidency. When Trump took office in January 2017, the average price of gas was $2.47 per gallon ...
2020: $2.17. 2021: $3.01. 2022: $3.95. 2023: $3.52. ... Gas prices by state. The gas prices chart below, based on daily price updates from AAA, illustrates how much the cost of gas can vary from ...
According to AAA, the national average gas prices on Tuesday came in at $3.01 for regular gas, $3.49 for mid-grade, $3.84 for premium, $3.51 for diesel and $2.42 for E85. AAA keeps track of gas ...
While Harvey has had little effect on crude prices, [44] the price of gas reached $2.59 on September 2, up 17.5 cents since August 23 and 16.7% higher than 2016, [45] with more dramatic increases in states dependent on the Colonial Pipeline, which closed until inspection was complete. [46] As of September 11, the price of gas was $2.67. [47]
In June 2021, the national average price for a gallon of gas was $3.09, according to data from AAA, but as of June 2022, it had topped $5. That marks a gain of over 60% in a single year.
2021 Texas power crisis; 2021 United Kingdom natural gas supplier crisis and 2021 United Kingdom fuel supply crisis; 2021 global energy crisis. The record-high energy prices were driven by a global surge in demand as the world quit the economic recession caused by COVID-19 pandemic, particularly due to strong energy demand in Asia. [16] [17] [18]
Today, the average 30-year mortgage rate is significantly higher than in 2020 and 2021: 6.44 percent on October 17, 2024. ... While interest rates and gas prices are higher today than they were in ...