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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 ...
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.
Here's a table with the lowest average prices and how far they are below the national average. State. Average cost per gallon. Percentage below national average. Mississippi. $2.989. 15% ...
The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
The average gas price in the United States last week was $3.48, making prices in the Midwest region about 0.2% lower than the nation's average. The average national gas price is up from last week ...
Most states do not mandate certain standard gasoline grade octane ratings.In the United States and Canada, octane ratings are in AKI, commonly shown as "(R+M)/2".All states require gas pumps to be labeled with the correct octane level and nearly all states do regular testing to make sure gas stations are in compliance.
What states have the lowest gas prices today? While gas prices nationwide are collectively falling, some states always have cheaper averages than others, due to factors ranging from nearby ...