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Regional gas prices fell for the second consecutive week and reached an average of $3.32 per gallon of regular fuel on Monday, down from last week's price of $3.39 per gallon, according to the U.S ...
The average fuel price in the Midwest region has risen about 6 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, 2024 ...
USA TODAY Network. August 7, 2024 at 2:48 PM. Regional gas prices fell last week and reached an average of $3.43 per gallon of regular fuel on Monday, down from last week's price of $3.48 per ...
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.
The Highway Trust Fund is a transportation fund in the United States which receives money from a federal fuel tax of 18.4 cents per gallon on gasoline and 24.4 cents per gallon of diesel fuel and related excise taxes. [ 2] It currently has two accounts, the Highway Account funding road construction and other surface transportation projects, and ...
The current national gas price average is $3.62 per gallon. ... Illinois: $4.00. Indiana: $3.66. Iowa: ... drivers in Colorado pay the lease for gas at $3.07 per gallon, but fuel costs are on the ...
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.