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In 2025, the state will increase its motor fuel tax on diesel, biodiesel, and gasoline from 28.5 cents per gallon to 31.5 cents per gallon. Ethanol will rise to 22.59 cents per gallon (up from 20. ...
According to the EIA, gas prices across the region in the last year have been as low as $2.77 on Jan. 8, 2024, and as high as $3.77 on Aug. 14, 2023. A year ago, the average gas price in the ...
The average gas price in Michigan hit a new 2024-high Saturday of $3.57 a gallon for regular unleaded before falling a penny to $3.56, raising concerns that fuel prices could continue to rise ...
The United States became the world's largest producer of ethanol fuel in 2005. The U.S. produced 15.8 billion U.S. liquid gallons of ethanol fuel in 2019, and 13.9 billion U.S. liquid gallons (52.6 billion liters) in 2011, [1] [2] an increase from 13.2 billion U.S. liquid gallons (49.2 billion liters) in 2010, and up from 1.63 billion gallons ...
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 ...
For example, from May 2022 to June 2022 the average cost of gas increased by $0.88 per gallon. Data below from the U.S. Energy Administration show fuel costs from 2011 to 2023. Average price per ...
This includes the resources it takes for exploration, to remove it from the ground, and transport it. Between 2004 and 2008, there was an increase in fuel costs due in large part to a worldwide increase in demand for crude oil. Prices leapt from $35 to $140 per barrel ($220 to $880/m 3), causing a corresponding increase in gas prices. [15]
Whether the prices will go up or down will likely depend on gasoline demand and the cost of oil. Michigan gas prices drop as demand weakens, now averaging $3.35 a gallon Skip to main content