The national average rate for ordinary oil increased on Monday, January 20, to$ 3. 125 per gallon, up from$ 3. 065 last month, according to AAA. This was also an increase compared to a month ago when the cost of gasoline was$ 3. 05. Also, Monday’s value was more expensive than regular gas a year ago, costing$ 3. 082 per quart.
High energy costs were a social problem for President Joe Biden throughout his presidential phrase. Therefore, it is perhaps metaphorical that as Biden leaves the White House for the last time, the price of gasoline is trending upwards. Despite claims to the region ’s individuals to lower oil prices again, Biden could not achieve this. And while costs have decreased from their peak in June 2022, the average rate for a gallon of gas nonetheless remains over$ 3 per litre– a dramatic contrast from the regular price for gas when Biden’s president, Donald Trump, was in business.
During Biden’s term, the national average price for regular gas first exceeded$ 3 per gallon in June 2021, less than six months into office. Fuel costs peaked at$ 4. 929 in June 2022, which is the highest national average rate for a gallon of regular gasoline in the nation’s story, according to the Energy Information Administration.
Pricing began to lower the following fortnight but continued to shift between 2022 and 2024 before reaching a large for the year in April 2024. The following fortnight, gas prices suddenly began to lower, albeit slowly. Over the next eight times, the cost of gas would eventually lose to$ 3. 01 per quart by mid-December. But, since then, rates have gradually increased.
While the latest national average rate for standard oil is$ 3. 125, prices vary across the country, depending on the state. Prices range from$ 2. 68 to$ 4. 531 per quart. Hawaii has the most expensive gas prices in the country, averaging$ 4. 531 per quart. Meanwhile, Mississippi has the lowest gas prices, at$ 2. 68 per quart.
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Energy prices have soared just in and around Washington, D. C. Prices in the nation’s capital Monday ranged from over$ 3 per gallon to over$ 3. 34 per quart. Virginia, a state with an average price under$ 3 per gallon as recently as last week, is now up to$ 3. 072, according to AAA. This rate is the lowest in the Delmarva area. Delaware, which used to have the least expensive gas prices in the nation, has the next highest average cost for a gallon of regular gas at$ 3. 223.
The average price of gas in Maryland has increased significantly to$ 3. 34, an increase of over twenty-three percent from only a week ago. It is now the state with the highest fuel costs in the region. In D. C. , oil prices are substantially lower compared to Maryland, sitting at$ 3. 282 on Monday.
