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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.
According to the Energy Information Administration (EIA), as of March 2022, factors that affect the price of gasoline in the United States include the price of crude oil per barrel, costs and profits related to refining, distribution, and marketing, and taxes, along with the charge set by refiners for gasoline based on based on octane levels, with higher octane levels—premium grade cost ...
The octane rating of typical commercially available gasoline varies by country. In Finland, Sweden, and Norway, 95 RON is the standard for regular unleaded gasoline and 98 RON is also available as a more expensive option. In the United Kingdom, over 95 percent of gasoline sold has 95 RON and is marketed as Unleaded or Premium Unleaded.
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 ...
Regular Unleaded Mid-Grade Unleaded Premium Unleaded Notes Alabama: 87 89 93 Alaska: 87 88.5 90 Arizona: 87 89 91 Arkansas: 87 89 91/93 Northwest Arkansas primarily sells 87/89/91 octane. 93 octane is available at select Kum & Go's in the Northwest and Central regions of the state. California: 87 89 91 Colorado: 85 87 91 Connecticut: 87 89 93
In turn, average U.S. unleaded gasoline prices have fallen to about $3 a gallon from nearly $5, according to AAA. ... Because the company wants to cover its costs and make about a 15% profit ...
The average price for a gallon of gasoline was $2.74 during the July Fourth week in 2019, and the weekly average price from 2015 through 2019 was under $2.50 a gallon.
The first federal gasoline tax in the United States was created on June 6, 1932, with the enactment of the Revenue Act of 1932, which taxed 1¢/gal (0.3¢/L). Since 1993, the US federal gasoline tax has been unchanged (and not adjusted for inflation of nearly 113 percent through 2023) at 18.4¢/gal (4.86¢/L).