When you’re on the go, it can be tough to keep track of prices at the pump. That’s why we’ve put together a list of the top gasoline prices in the US as of May 2019. So whether you’re looking to fill up your tank on the cheap or merely stay informed, this is the resource for you!
What causes high gasoline prices?
Many factors can contribute to high gasoline prices, but the primary cause is oil demand. The number of vehicles on the road, as well as the amount of fuel being used for transportation, has increased significantly in recent decades. This has led to an increase in the demand for gasoline, which in turn has caused prices to rise.
Other factors that can influence gasoline prices include political events, weather conditions, and international trade.
How do OPEC and other oil-producing countries influence the price of gasoline?
When you go to the pump, what are your chances of getting a good deal?
Gas prices in the US vary significantly from state to state, and sometimes even within states. This is largely due to the influence of OPEC (the Organization of the Petroleum Exporting Countries). OPEC sets production quotas for each member country, and this affects how much oil can be exported. When demand for oil outstrips supply, oil prices rise. Conversely, when there is a glut of oil on the market, prices fall.
The way that OPEC sets production quotas has changed over time. Originally, members agreed to limit export production in order to maintain high global prices. However, as technology has advanced and OPEC’s efforts have failed to keep world prices high, its authority has diminished. In recent years, it has been less influential in setting world prices.
Gasoline prices vary significantly from state to state in the US because of the influence of OPEC (the Organization of the Petroleum Exporting Countries). When demand for oil outstrips supply, oil prices rise; when there is a glut of oil on the market, prices fall.
Government policies that could lower gas prices
The current high gasoline prices are a direct result of government policies. The regulations that have been put in place by the EPA and other government agencies have caused the price of gasoline to increase by about 25%.
The government policies that have led to the high gasoline prices are:
1. The EPA’s Energy Policy Act of 2005 – This bill created the EPA and put in place many restrictions on greenhouse gas emissions. The EPA has since said that this law is responsible for raising the price of gasoline by about 25%.
2. The Bush Administration’s Tax Cuts for Families and Businesses – This bill lowered taxes on gasoline, making it more expensive.
3. The US Department of Defense’s Fuel Efficiency Standards – These standards require cars and trucks sold in the US to average 54.5 miles per gallon (MPG) by 2025. If automakers don’t comply, they must offer a rebate to customers. This has caused the cost of a gallon of gas to rise by about 11%.
4. The Obama Administration’s Climate Action Plan – This plan sets targets for reducing greenhouse gas emissions from US businesses, households, and vehicles. It has also set targets for increasing the use of renewable energy sources like
What you can do to save on gasoline
If you’re looking to save on gasoline, there are a few things you can do. First, use public transportation whenever possible. Not only will this help reduce your carbon footprint, but it can also save you a lot of money on gas. Second, drive less. If you can avoid getting in the car for short trips, you’ll save a lot of gas. And finally, make sure to fuel up your car at the cheapest prices available. There are often times when the cheapest fuel is located at a convenience store rather than a petroleum station.
Conclusion
As we continue to see gas prices rise across the United States, it’s important to be prepared and know how to save money on gasoline. Check out our list of tips for saving money on gasoline, and use them as you need them in order to help keep your wallet feeling lighter at the pump.