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You only have access to basic statistics. This statistic is not included in your account. Skip to main content Try our corporate solution for free! Single Accounts Corporate Solutions Universities. Premium statistics. Read more. In , customers at U. The price of gasoline is significantly lower in the U. At roughly seven U. Economic downturns increase volatility The United States saw increased volatility during the global economic slowdown and subsequent recovery between and Although U.
Gas price fluctuations in recent years was different. In light of plummeting crude oil prices, U. Although the United States is a large exporter of oil itself, U.
Prices began to rebound in You need a Single Account for unlimited access. Full access to 1m statistics Incl. Single Account. View for free. Show source. Show detailed source information? Register for free Already a member? Americans have been roiled by oil-price turbulence in the past, most notably in the early s. Recent attacks by Iran on oil tankers in the Strait of Hormuz — the critical passageway for oil to reach Europe and other destinations — have rattled the energy markets, slightly raising prices of crude.
Even so, we are in a period of relative oil price stability. States also impose gasoline taxes, which vary from state to state and affect the average price nationwide.
Here are the states with the highest and lowest gas taxes. Click here to see the cost of gas the year you were born Click here to read our methodology. How much was gas in the 90s? What are the lowest five states with the lowest average gas prices today?
How much is the federal gas tax? The federal gas tax is It hasn't changed for the last 25 years. What is the average state gas tax? The national average state tax for gasoline is Which five states have the highest gas tax? State Average Gas Price Pennsylvania Which five states have the lowest gas tax? State Average Gas Price Missouri Why do gas prices fluctuate? Gas prices rise and fall according to supply and demand. If the supply is down and the demand is high, prices increase.
If the demand is low and the supply solid, prices tend to fall. What causes gas prices to change quickly? Abrupt increases or decreases in gas prices are usually due to a disruption in crude oil supplies, the operations, or delivery of gas pipelines. In which seasons are gas prices the highest? Gas prices tend to increase in the spring and summer. People drive more during warmer weather, so the demand is higher.
In addition, during the summer months, gas refineries must use more expensive gasoline components in order to meet federal guidelines.
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