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The average price of regular gasoline rose from $1.773 during the week of April 27, 2020, to $5 as of June 11, 2022, an all-time high. [37] California led the nation in gas prices with an average gallon of regular gas in the state reaching $6.43 as of June 11, 2022. [38]
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.
Federal fuel taxes raised $36.4 billion in Fiscal Year 2016, with $26.1 billion raised from gasoline taxes and $10.3 billion raised from diesel and special motor fuel taxes. [16] The tax was last raised in 1993 and is not indexed to inflation. Total inflation from 1993 until 2017 was 68 percent or up to 77 percent, depending on the source. [17 ...
Before 2021, the yearly average exceeded $3 a gallon only five times: in 2008 and from 2011 to 2014. ... The highest gas prices in U.S. history may have occurred in 2022, but the future of what ...
In Europe, gas prices increased by more than 450%, and electricity by 230% in less than a year. [108] On February 22, 2022, before the Russian invasion, the German Government froze the Nord Stream 2 pipeline between Russia and Germany, [109] causing natural gas prices to rise significantly. [110]
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The chart currently uses yearly averages; since 2008's not over yet, we don't have an average price for this year. I have to integrate it in a way that doesn't hurt the accuracy of the graph. I have put further thought into how the EIA's 1861–1999 spreadsheet is constructed, with the intention of possibly improving it.
The core PCE price index is at its lowest annual rate since March 2021. “More importantly, the six-month annualized average rate of inflation is now up 1.87%, indicating easing inflation ...