gas prices
gas prices Articles
ThinkstockAs gas prices continue to fall, some Americans believe that the federal government should raise its gas tax, which has been unchanged at 18.3 cents per gallon since 1993. Yet, despite a...
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The price for a gallon of gasoline in Hawaii is much more than the national average. The island state has nearly every major disadvantage when it comes to forces that drive gas prices lower.
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In Honolulu, the average price for a gallon of regular gasoline is $3.26, though that is lower than the rest of Hawaii, where the average is $3.41.
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In four American cities, the average price of a gallon of regular has dropped below $1.75, and they may soon be joined by many others.
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The number of states with the average price of a gallon of regular at less than $2 has reached 15.
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Gasoline prices have now fallen every day for more than three months, according to AAA, and they are likely to remain low through 2015.
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Michigan is not near any huge oil refineries, and it has one of the highest gasoline taxes of any state. Yet three of the four cities in America with the lowest price per gallon for regular are there.
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Americans saved $14 billion on gasoline last year compared to 2013, according to the AAA.
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As another sign of how rapidly gasoline prices have fallen is that the average cost of a gallon of regular has dropped below $2 in three states.
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While gasoline prices have dropped closed to $2 in several states, they remain above $3 for the average price of a gallon of regular in Alaska and Hawaii.
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Gasoline has breached below $2 in a number of gas stations around the country. It has fallen below that level in five large cities.
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The average price of a gallon of gasoline in the United States has dropped to its lowest level since October 2009.
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The huge plunge in oil prices has been so quick that it is not entirely reflected in gasoline prices in the United States.
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The average price of a gallon of gasoline in the United States dropped two cents overnight to $2.60, the lowest the average price has been since December 27, 2009.
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As gasoline prices crash toward $2 in many markets in the United States, the drivers in some cities still have to pay well over $3 per gallon for an average gallon of regular.
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