Gas Prices in U.S. Ease Back From Record Highs

By Paul Riegler on 20 March 2022
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After what seemed like non-stop increases for the past three weeks, gas prices in the United States are easing back somewhat.

The average price for a gallon of regular gas in the United States was $4.25 on Sunday, down from a peak of $4.33 on March 11.  While this  is more than the $4.14 peak in 2008, when adjusted for inflation, that figure would have been $5.24 in today’s dollars.

The price for one gallon of premium gasoline, which was at $4.69 at a Shell station in Whitestone, New York, on Friday, is now down to $4.49.

The price for a gallon of diesel fuel as well as premium gas is nearing $7 in California.  The legislature there is considering a $400 per driver tax rebate to help offset the high prices.

Meanwhile, the governors of two states, Maryland and Georgia, moved to temporarily suspend their respective fuel taxes to help lower the high price drivers are paying at the pump.

(Photo: Accura Media Group)