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2. America is pumping so much oil that gas could be below ... - AOL

   www.aol.com/america-pumping-much-oil-gas...

   US oil output hit an all-time high of 13.4 million barrels per day recently, according to weekly federal data. That is just above the peak of 13.1 million barrels per day under Trump.

3. US gasoline prices set to fall under $3/gallon as election nears

   www.aol.com/news/us-gasoline-prices-set-fall...

   Still, that level represents 9% of global oil demand, and makes the U.S. the biggest fuel consumer in the world. That gives the dollar-per-gallon figure extra visibility in any government's scorecard.

4. Price of oil - Wikipedia

   en.wikipedia.org/wiki/Price_of_oil

   Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...

5. Gasoline and diesel usage and pricing - Wikipedia

   en.wikipedia.org/wiki/Gasoline_and_diesel_usage...

   The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.

6. Fuel taxes in the United States - Wikipedia

   en.wikipedia.org/wiki/Fuel_taxes_in_the_United...

   The federal tax was last raised on October 1, 1993, and is not indexed to inflation, which increased 111% from Oct. 1993 until Dec. 2023. On average, as of April 2019, state and local taxes and fees add 34.24 cents to gasoline and 35.89 cents to diesel, for a total US volume-weighted average fuel tax of 52.64 cents per gallon for gas and 60.29 ...

7. Why oil prices have plunged 3% today - AOL

   www.aol.com/why-oil-prices-plunged-3-164258897.html

   In essence, the kingdom is giving in to lower prices, FT sources said. Markets spiraled on the news, dropping over 3%. Brent crude, the international benchmark, fell as low as $70.7 as of 11:00 am ...