Visualization data were compiled by Bloomberg, IMF, UN, and World Bank. More than half of all South and Southeast states have gas price averages at or under $2.10: Louisiana ($2.10), Mississippi ($2.10), Arkansas ($2.09), Alabama ($2.09), Texas ($2.08), South Carolina ($2.06) and Oklahoma ($2.06). Given the low price of gasoline, it is distributed free of charge to gas stations.. US Gas Price by Year. Diesel is offered at US$0.24/Litre making this fuel some of the cheapest in the world. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Compared to the overall inflation rate of 2.56% during this same period, inflation for gas was In some states, gas prices are nearing $2 per gallon – something that hasn’t been seen since December 2017.”. In, StatCan. , Most European countries have high fuel taxes. Opposition had declared a bandh on 31 May 2012 across the country to protest against the price hike, which evoked mixed response, amid incidents of stone pelting, arson and road blockades in some parts of the country.. Credits: Tom Randall, Alex McIntyre and Jeremy Scott Diamond. , On 1 January 2012, the Nigerian government headed by president Goodluck Ebele Jonathan, tried to cease the subsidy on petrol and deregulate the oil prices by announcing the new price for petrol as USD 0.88/litre from the old subsidised price of USD 0.406/litre (LAGOS), which in areas distant from Lagos petrol was priced at USD 1.25/litre. Regional refinery utilization jumped to 93 percent (up from 77 percent two weeks ago) as stocks built, but only by 322,000 bbl. The price for over-quota consumption and the imported cars were $0.70 US per liter.  This corresponds to 18.5 exajoules per year (5.1 trillion kilowatt-hours per year). Gasoline Prices in Canada averaged 0.93 USD/Liter from 1992 until 2020, reaching an all time high of 1.32 USD/Liter in December of 2012 and a record low of 0.41 USD/Liter in December of 1998. See fuel tax for tax information by country. Gasoline Prices in Philippines averaged 0.94 USD/Liter from 1990 until 2020, reaching an all time high of 1.29 USD/Liter in March of 2013 and a record low of 0.34 USD/Liter in December of 1995.  It was announced that price increases were planned to bring fuel prices in line with global market cost, suggesting that it may hit US$3.80 per gallon by August. Many residents of US border communities cross the border to buy fuel in Mexico, thereby enjoying a cheaper fuel subsidy at the expense of Mexican taxpayers. Canada Weekly Earnings Rise 6.9% YoY in September, Canada Retail Sales Rise More than Expected, Canada House Price Growth Slows from 14-Year High, Canada October Inflation Rate Unexpectedly Rises to 0.7%, Foreign Investors Buy CAD 4.5B of Canadian Securities in September, Canada Wholesale Sales Rise More than Expected, Canada Housing Starts Rise Less than Expected, Canada Manufacturing Sales Rebound in September, Spanish Shares Fall on Thursday Led by Repsol. Oil prices rallied at the end of last week after OPEC announced that beginning in January 2019, the cartel – alongside non-OPEC members, including Russia – will reduce combined crude oil production by 1.2 million b/d. This decision created inflation and protest throughout the archipelago.. For some in the Great Lakes and Central states (Iowa, Kansas, Nebraska and Missouri) state gas prices are as much as 40-cents less than they were in November. Overall, the Great Lakes and Central region often experiences periods of volatility. Legislation by several states for cleaner burning fuel also affects certain areas' prices of gasoline. Aside from this breakdown, many other factors affect gasoline prices. In June 2013, the government raised the price of low-octane gasoline 44% to 6,500 rupiah ($0.66) per liter and of diesel 22% to 5,500 rupiah per liter to help close a widening budget deficit. All countriesâ income figures for 2020 are from 2019, as the IMF has not issued 2020 forecasts due to uncertain economic data resulting from Covid-19. Gasoline stocks in the Great Lakes and Central region built by a surprising 2.6 million bbl on the week, according to Energy Information Administration (EIA). Diesel prices rose by MYR1.00/litre to MYR2.58 (US$3.04 per gallon), a 63% increase. The increase reflects a stabilization of prices following their 17% plunge in the first quarter of the year, when the price of oil tumbled to its lowest level in more than 17 years. However, by this logic we should also consider the fact fuel taxes can account for less than half of government road and highway spending. Then again on 3 December, petrol prices were reduced further. 7.50, oil firms say can't help it", "Petrol price hike: Opposition unites to call for all India bandh on May 31", "Bharat bandh: Mixed response to nationwide strike against petrol price hike", "Bharat Bandh: Nationwide protests on petrol price hike evoke mixed response", http://www.publicinfopath.com/petrolprice/. On 26 December 2010, the Bolivian government issued a decree removing subsidies which had fixed petrol/gasoline and diesel prices for the past seven years. The EIA’s weekly petroleum status report for the week ending on November 30, showed West Coast gasoline stocks increased by approximately 700,000 bbl to 27.7 million bbl. With oil reaching over US$145 a barrel, Indonesia further increased prices on 24 May 2008 to Rp 6,000 (approx. Between 2004 and 2008, there was an increase in fuel costs due in large part to a worldwide increase in demand for crude oil.  In addition, it was suggested that private car owners, who are wealthy in Indonesian terms, would eventually be excluded from subsidies entirely, with the cheap fuel limited to public transport and motorcycles. When was the last time gas was under $2 a gallon? Conversely, gas prices are as much as eight cents cheaper for all other states in the Great Lakes and Central region with four states landing on the top 10 with the largest weekly changes: North Dakota (-8 cents), Wisconsin (-7 cents), Minnesota (-7 cents) and Kansas (-7 cents). As of 1 August 2010[update] only Malaysian-registered petrol vehicles may purchase RON95 fuel; foreign-registered vehicles (mainly from Singapore and Thailand) by law can only purchase RON97 (or diesel) at Malaysian service stations. The energy price reform included a cash-rebate program through which each person received 455,000 rials ($15 US) per month from the government.
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