In recent years, gas prices have become a pressing concern for Americans, influenced by various factors including fluctuating oil prices and costs related to nationwide distribution. Geopolitical changes and seasonal demand further exacerbate these fluctuations. Taxes on gasoline are another significant factor; while they support critical transportation infrastructure, their variation by state leads to inconsistencies in retail gas prices. As of January 2024 data, the U.S. consumes over 34% of global gas, highlighting the sensitivity of household budgets to these prices.
The price of gas in America is heavily influenced by oil prices, distribution costs, geopolitical changes, and seasonal demand, affecting consumer budgets significantly.
Despite the federal gas tax being constant since 1993, state gas taxes vary widely, leading to significant discrepancies in gas prices across the country.
Collection
[
|
...
]