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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 ...
Illinois residents can expect to see lower gas prices come 2024, according to a new outlook report released Thursday by GasBuddy.
The national average for gas prices is $3.54 per gallon as of March 2024, but the final price you pay might be drastically higher — or lower — depending on the state that you live in. For ...
State Taxes. 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 in 2012 was $3.618 per US gallon ($0.96/L), the highest ever yearly average as of 31 December 2012. As of 31 December 2012, the average price of gasoline was $3.298/US gal ($0.87/L), with New York at $3.70/US gal ($0.98/L) for the highest in the US, and Colorado at $2.987/US gal ($0.79/L) for the lowest.
These are in contrast to a May 2012, Center for Agricultural and Rural Development study which showed a $0.29 to $1.09 reduction in per gallon gasoline price from ethanol use. [ 82 ]
According to data from Choose Energy, the national average for a gallon of gas is $3.19 as of Aug. 9. Gas Price Update: OPEC's Latest Decision on Oil Production and Your Wallet See: Electric...
As of 2005, E85 is frequently sold for up to 36% lower price per quantity than gasoline. [10] Much of this discount can be attributed to various government subsidies, and, at least in the United States, the elimination of state taxes that typically apply to gasoline and can amount to 47 cents, or more, per gallon of fuel.