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The current national gas price average is $3.62 per gallon. The average cost of gas has decreased 15% in the last two years, from when it was $4.27 per gallon .
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.
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]
The national average price for a gallon of gasoline is a little more than $4.72, according to AAA as of July 8. ... GOBankingRates mapped out a chronology of average gas prices for more than 90 ...
1.5 US gallons (5.7 litres) of ethanol has the same energy content as 1.0 US gal (3.8 L) of gasoline. The energy content of ethanol is 76,100 BTU/US gal (5.89 kilowatt-hours per litre), compared to 114,100 BTU/US gal (8.83 kWh/L) for gasoline. (see chart above)
This week, New York, New Jersey, Pennsylvania, and other Northeastern states switched to a more expensive summer blend of gasoline, sending wholesale prices $0.30 to $0.32 per gallon higher, said ...
The average price of gasoline spiked to $1.353 a gallon that year — up from $1.221 in 1980 and more than double the price just three years earlier. Adjusted for inflation, ...
A Gallon of Gas. According to a May 2 analysis from Yahoo Finance senior columnist Rick Newman, the average gas price was $2.47 per gallon when Trump took office in January 2017. The average for ...