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According to data from Choose Energy, the national average for a gallon of gas is $3.19 as of Aug. 9. Gas Price Update: OPEC's Latest Decision on Oil Production and Your Wallet See: Electric...
The average U.S. gas price on Jan. 15, 2025, was $3.09 per gallon — up 0.7% from $3.07 a year ago. The highest average gas price per gallon in 2024 was in April ($3.61) and the lowest was in ...
Montana: Montanans are enjoying sub-$4 gas — $3.95, to be exact — as they have since one month ago when the price was $4.02 per gallon. Gas never hit $5 there, peaking at $4.98 on June 19.
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 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.
Several studies were made into boronated fuels over the years, starting with the U.S. Army's rocket-related Project HERMES in the late 1940s, the U.S. Navy Bureau of Aeronautics's Project ZIP in 1952, [3] and the U.S. Air Force's Project HEF (High Energy Fuels) in 1955. [8]
The highest recorded average price of regular gas was in June 2022 at $5.06 per gallon. Drivers in California currently pay the most for gas at an average of $5.39 per gallon. Hawaii follows close ...
For example, if you now know that your total trip distance is an expected 2,325 miles and you’ve learned that your vehicle gives you 24 miles per gallon fuel economy, you simply divide the first ...