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The average cost of gas has decreased 15% in the last two years, from when it was $4.27 per gallon. The highest recorded average price of regular gas was in June 2022 at $5.06 per gallon.
In 1970, a gallon of gas cost 36 cents. By 1981, it had more than tripled to $1.19. For context as to just how bad things are now, $1.19 in 1981 was worth $4.05 in today’s money — gas was ...
Guillem de Balanzo / Getty Images/iStockphoto. 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 ...
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.
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.
U.S. natural gas prices were relatively stable at around (2006 US) $30/Mcm in both the 1930s and the 1960s. Prices reached a low of around (2006 US) $17/Mcm in the late 1940s, when more than 20 percent of the natural gas being withdrawn from U.S. reserves was vented or flared.
The national average price for a gallon of gasoline is at $3.50, according to AAA as of Jan. 26, 2023. While the amount of pain at the pump people feel is more or less acute depending on their ...
Ronira / Getty Images/iStockphoto. American drivers had it rough back in 1981. The average price of gasoline spiked to $1.353 a gallon that year — up from $1.221 in 1980 and more than double the ...