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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.
This means that filling a 500-gallon propane tank, which is what households that use propane as their main source of energy usually require, cost $948 (80% of 500 gallons or 400 gallons), a 7.5% increase on the 2012–2013 winter season average US price. [59] However, propane costs per gallon change significantly from one state to another: the ...
Updated April 19, 2024 at 7:00 AM. At the time of writing, the national average price of regular gas is $3.62 per gallon, $0.02 higher than this time last year. Drivers who use premium gas are ...
While prices have come down since the peak in June, prices were beginning to tick up again. Gas prices hit $3.79 a gallon the week of September 29, 2022, up from $3.73 on September 23, 2022 — an increase of $0.06 per gallon over the last week. [15] Since October 10, 2022, the price of gasoline has gone down again.
Gasoline prices are on a downward trend, with 11 states now averaging below $3 per gallon. The steady decline comes amid falling seasonal demand and use of less-expensive winter-grade gas.
Seven states are now at an average of $5 or higher per gallon, with Illinois becoming the latest to join California, Oregon, Washington, Nevada, Arizona, and Alaska. Gas prices: 7 U.S. states top ...