US Gasoline Price Update 2-24-24

All gasoline prices have fallen from August 2023 to January 2024. 

 Type          Aug 2023      Jan 2024

All Grades    3.954            3.197

Regular        3.840            3.075

Diesel          4.370             3.854

https://www.eia.gov/dnav/pet/PET_PRI_GND_DCUS_NUS_M.htm

Gasoline prices are international and depend on supply and demand. The US needs to increase oil production by 7 million barrels per day to meet US demand and to reduce Russian and Iranian revenue to stop the war in Ukraine and stop the terrorists in the Middle East.

US Gasoline price history from 1994 to 2024 shows the recent history of gasoline prices bouncing up and down.

Gasoline prices rose for all grades from $1.98 in 1994 to $4.105 in 2008. Prices dropped to $1.84 in 2009 due to layoffs in the Great Recession Mortgage Meltdown. Prices rose again to $3.96 in 2011 due to oil drilling restrictions. Prices dropped again to $1.872 in 2016 due to increased oil drilling. Prices were low at 1.638 in 2020. Prices rose again to $5.032 in 2022 due to oil drilling restrictions. Prices stood at $3.257 in 2023.

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epm0_pte_nus_dpg&f=m

Prices vary widely by State. California is the highest due to high gasoline taxes.

https://gasprices.aaa.com/state-gas-price-averages/

The US is dependent on gasoline powered engines to allow us to work. High diesel costs increase food  prices and price increases in natural gas increases the cost of nitrogen required to grow our food.

We need to elect Republicans in 2024 to increase oil and natural gas production to lower our cost of living

Norb Leahy, Dunwoody GA Tea Party Leader