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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.
In February 2023, Tennessee gas prices on average sat at $3.17. Now the average price in the state is $2.99. Higher gas prices: Higher demand, oil prices, summer months.
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Supported fuel types generally include gasoline, but may also include diesel, liquefied petroleum gas, biofuels and recharge electricity. The main utility of these websites is that they allow users to find the lowest price of gasoline in their area, since gasoline prices often vary significantly between gas stations in the same neighborhood.
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 paying $0.07 more this year than last ...
The average fuel price in the Midwest region has risen about 31 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 ...
The first US state to tax fuel was Oregon, introduced on February 25, 1919. [4] It was a 1¢/gal tax. [5] In the following decade, all of the US states (48 at the time), along with the District of Columbia, introduced a gasoline tax. By 1939, many states levied an average fuel tax of 3.8¢/gal (1¢/L).
Similarly, data from YCharts places the average gas price in the U.S. at $3.191 on Nov. 4 and $3.175 on Nov. 11. A spokesperson for AAA directed Check Your Fact to its website when contacted ...