This year, fuel costs increased for the second consecutive time, with the average cost for regular oil at$ 3.129 on Friday, according to AAA.com. The most recent price is$ 3.078 more than the previous value of$ 3.078.
The price rises at the pump come just weeks after President Donald Trump and his administration praised lower gasoline prices nationwide. Given that, despite the recent rise in oil prices in the last few weeks, prices are still lower than they were a month before, when a gallon of regular gasoline was$ 3.162. The average cost for a gallon of regular gasoline was$ 3. 527, and fuel costs are also significantly less than they were a year ago when former President Joe Biden was in business.
Gas prices are almost always a hot topic in the political discourse of the nation, because gas prices are a major source of concern for local residents. This may not have been the case anymore than it has during the Biden presidency when fuel prices have spiked. Fuel costs increased by more than$ 3 per gallon starting in June 2021 after the average cost for a gallon of regular gas increased by$ 2.476 during Trump’s first term, starting in January 2017.
Biden’s tenure as president increased to the point where it got worse. Gas prices hit a record high of over$ 5 per gallon about 18 months into his presidency, according to the U.S. Energy Information Association, which is$ 5.03 per gallon above the current level. In the history of the nation, this was the highest rating for a gallon of regular gasoline. The average cost for regular oil the following fortnight dropped to$ 4.92 per gallon, setting a new record for the highest average rate for standard gasoline in a single quarter.
Pricing eased slightly in July 2022 and continued to drop steadily for the rest of the time. Fuel costs increased significantly over the next two years, but they remained above the$ 3 per gallon threshold and higher than they did during Trump’s administration. Fuel costs had reached their highest point in the year by April 2024, before starting to decline suddenly in May. A national average rate of$ 3.01 per quart a week before Christmas may maintain this trend for the rest of the time.
A BURNING TESLA’S CARBON FOOTPRINT
The average fuel rate has been significantly less expensive than it was during Trump’s second term in office, though it is still significantly higher. After Christmas, prices started to rise before falling suddenly on January 20 as Trump stepped into office. Oil prices increased weekly in February, which many researchers attributed to Trump’s tease before deciding to prolong them.
Depending on the location, location, and state where one lives, gas prices vary throughout the nation. Petrol prices in Mississippi are the least expensive in the nation, at$ 2.667 per gallon. California has the highest average cost for regular gas, with a statewide average of$ 4.647, nearly 50 % higher than the national average.
