CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline jumped by 5 cents over the past two weeks, to $3.49 per gallon.
CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline has spiked 7 cents a gallon over the past two weeks, costing $2.97.
Biden also is tapping the strategic oil reserve, but experts think it won't do much to make the price go down or else that the relief will be temporary. One other way the president can influence gas prices is by changing the gasoline tax, which is currently at 18.4 cents a gallon. ...
The U.S. state of California has broken another record with the highest average price of gas reaching $5.8 per gallon or about 3.7 liters. In an attempt to offset the financial burden on its consumers, California has now become the first state to propose a tax rebate plan ...
President Donald Trump’s “drill, baby, drill” pledge is well known, but drivers may end up paying more at the pump in the coming months despite his plans to lift U.S. oil production.
President Joe Biden has called for an investigation into persistently high gasoline prices. With the average price of gas around the U.S having climbed to $3.17 a gallon, Mr. Biden suggested that pandemic "profiteers" might be to blame. ...
Gas prices have come down since the average cost per gallon hit $5 in 2022. But filling up can still be expensive. Read on to learn about the recent gas price trends and five ways experts say you can save. Please note that all prices are accurate at the time of publish...
prices. According to the U.S. Energy Information Administration, the price of crude oil accounted for 52.3% of the price of gasoline between 2014 and 2023, on average, with an average price of $2.83 per gallon. In 2023, 52.6% of the average gas price accounted for the crude oil price....
“Gas prices are going up at a far more rapid rate than anybody’s seen in a long time. We had gas prices very low, and yet we had more energy jobs than we’ve ever had,” said Trump, speaking at a time when the average price of gas was $2.879 per gallon. ...
Here’s why. Suspending the federal tax of 18.4 cents a gallon would reduce the average price paid at the pump by about 4 percent (assuming the entire savings were passed on to drivers). But gasoline accounted for just 4.5 cents of every $1 spent by consumers in April, according to the...