According to AAA average pas price in the US as of Aug. 21 is $3.865 par gallon.Gas prices have rised since the spring.However gas is 0,04 dollar cheaper today.
Which state has the highest gas prices?
California has the highest gas prices at $5,255 per gallon.According to AAA data Washington has the second highest gas prices at $5,048 per gallon.Hawaii and Oregon are third and fourth highest with $4.776 and $4.716. Alaska is at fifth rank with $4.514.
What state has the lowest gas prices?
Mississipi has the lowest gas prices in US at $3.318 per gallon.According to AAA survey
- Louisania $3.411
- Alabama $3.445
- South Carolina $3.451
- Arkansas $3.457
Does the president control gas prices?
The US president does not set the prices of gas prices. Don’t blame and thanks president if prices goes up and down respectively.Supply and demand for oil is the main reason for gas prices hikes and lows.White House administration has no effective tools to control the gas prices.
What pushes gas prices up?
There are several factors responsible for gas prices.
High inflation change the prices you pay at the pump.Ukraine Russia War is responsible for gas prices hike.US banned the import of Russian oil.
Gas prices also increases due to china reopen its markets after lifting Covid restrictions.China 1.4 billion citizen start to resume their day to day activities this will increase in demand for fuel which will raise gas prices.
Saudi Arabia is the world mega oil exporter said that it would decrease oil production by at least 1 millions barrels per day through july.OPEC is a syndicate of the worlds largest fuel producing countries that collectively share 40% of the world crude oil supply.OPEC consist of 13 members like of Iraq, Iran, Saudi Arabia.
Types of gas
There are four type of gas available at the pump that will differ in price.The three non diesel type of gasoline premium,midgrade and regular.
- Premium or Super Premium Most expensive non diesel gasoline
- Midgrade Cheaper than premium and diesel expensive than regular
- Regular The least expensive
The cost of gasoline depends on factors like Crude Oil, Refining,Taxes and Distribution retailers and marketing
Why are California gas prices so high?
There are several reasons for high fuel prices in Golden state.State Enviromental regulations, taxes.California unique self reliance on refining its own gasoline.
Who control gas prices?
No single individual controls gas prices. The prices of gas is determined by a complex factors