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The average cost of gas has decreased 15% in the last two years, from when it was $4.27 per gallon. The highest recorded average price of regular gas was in June 2022 at $5.06 per gallon.
The Future of Gas Prices in 2024 As for where prices will go from here, Lafakis said that Moody’s calls for oil prices to steady at near their current levels over the next few months.
Retail prices follow the trend in wholesale gasoline futures, which have been falling at a more accelerated rate than retail prices. Average U.S. retail gasoline price falls below $4.50 a gallon - AAA
All BP Stations offer 93 octane gasoline Kentucky: 87 [5] 89 93 Louisiana: 87 89 93 Maine: 87 89 91 without ethanol 93 with ethanol Premium gas must be at least 93 octane if it contains 10% or more of ethanol Maryland: 87 89 93 Massachusetts: 87 89 93 Michigan: 87 89 93 85 and 86 octane may be sold if labeled as subregular [6] Minnesota: 87 89 91
Retail markup over crude oil and wholesale gasoline, 2014–2019 Oil, gas, and diesel prices RBOB Gasoline Prices. In 2008, a report by Cambridge Energy Research Associates stated that 2007 had been the year of peak gasoline usage in the United States, and that record energy prices would cause an "enduring shift" in energy consumption practices. [6]
The average U.S. price of regular-grade gasoline spiked 33 cents over the past two weeks to $4.71 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the price ...