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The price as at 20 January 2022, on the U.S. Henry Hub index, is US$3.87/ MMBtu ($13.2/ MWh). [4] The highest peak (weekly price) was US$14.49/MMBtu ($49.4/MWh) in January 2005. [5] The 2012 surge in fracking oil and gas in the U.S. resulted in lower gas prices in the U.S. This has led to discussions in Asian oil-linked gas markets to import ...
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. On average, as of April 2019, state and local taxes and fees add 34.24 cents to gasoline and 35.89 cents to diesel, for a total US volume-weighted average fuel tax of 52.64 cents per gallon for gas and 60.29 ...
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.
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 ...
Across the country, gas prices are highest in the West. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to ...
Gas prices are on a downtrend trend, falling below a national average of $3.50 per gallon for the first time since February of this year. The average price of gasoline sat at $3.45 per gallon on ...
In the aftermath of Hurricane Katrina in 2005, the price of E85 rose to nearly on par with the cost of 87 octane gasoline in many states in the United States, and was for a short time the only fuel available when gasoline was sold out, but within four weeks of Katrina, the price of E85 had fallen once more to a 20% to 35% lower cost than 87 ...
The average fuel price in the Midwest region has fallen about 18 cents since last month. According to the EIA, gas prices across the region in the last year have been as low as $2.77 on Jan. 8 ...