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Sep 1, 2023 · There are several key factors that result in a variation in gas prices across states. One of the main factors is taxes. Each state sets its own taxes on gasoline, which can vary greatly. As of July 2023, California has a 2.25% sales tax rate on gasoline, while Texas levies a flat tax of $0.20 per gallon of gas.
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Jun 6, 2022 · Numerous factors are pushing prices up, with regular gasoline hitting a record $4.87 a gallon Monday according to AAA’s survey — up 25 cents a gallon in just the last week.
In 2022, the national annual average price of midgrade gasoline was about 49 cents per gallon more than regular-grade gasoline, and the average price for premium-grade gasoline was about 79 cents per gallon more than regular grade.
Feb 28, 2024 · Key Facts. Drivers in the U.S. are paying roughly $3.31 for a gallon of gas on Wednesday, according to data from GasBuddy, while AAA puts the price slightly lower, at an average of $3.29.
- Brian Bushard
Jun 14, 2022 · The single biggest factor driving the spike now is the price of crude oil. As of April, according to the Energy Information Administration, the cost of the raw material accounted for 60...
Jun 17, 2022 · The biggest driver of the cost of gas is the price of crude oil, which has been going up since October and is hovering around $120 a barrel, up from $70 a year ago. Russia’s war in Ukraine...
Jun 16, 2022 · Gas prices are reaching new highs across the United States. The national average could reach $6 per gallon by the end of summer, up $1 from the current figure, says JPMorgan. The US Energy Information Administration (EIA) says four factors are having a strong influence on gas prices.
