What is the average price of gas in your state for the past 10 years? Researchers at Debt.com have put together a map to show you.
While the national average for a gallon of gas is about $2.18, some states fare better or worse than others.
For example, drivers in Hawaii “consistently pay the most for gas.” They are currently paying an average of $3.31.
In addition to Hawaii, drivers in Alaska, California and the New England region pay among the highest average gas prices in the nation.
There is no one state that regularly pays the lowest price, but the researchers called Oklahoma, Utah and Missouri drivers “among the luckiest.”
Debt.com called the numbers an “average of averages,” determined using the average gas prices according to sources like GasBuddy, AAA and the U.S. Energy Information Administration.
Progressives desperately don’t want you to know the following fact: Gas is way more expensive that it would normally be because of exorbitant state and federal taxes.
A big percentage of the cost of gasoline goes to state and federal taxes, in fact the government makes FAR more in “profit” on gasoline, than the oil companies themselves!
The federal excise tax is 18.4 cents per gallon, each state sets it’s own tax rate, and they vary greatly around the country.
According to the IJ Review the two states who have the highest taxes are, you guessed it, New York at $0.505 and California at $0.4978. The two states with the lowest tax rates are: Alaska at $0.124 and New Jersey at $0.145.
Expressed as a percentage the price for a gallon of gas breaks down like this:
Crude Oil: 67%.
Refining Costs and Profits: 12%
Distribution, Marketing, and Retail Costs and Profits: 9%
Taxes: 12%. Federal excise taxes were 18.4 cents per gallon and state excise taxes average 23.52 cents per gallon.
The National Review reports that Exxon profits have averaged 8.26% for the past 20 quarters so government makes almost 50% more in “profit” from gasoline than the oil company’s themselves!
As Ronald Reagan once famously said “Government is not the answer, Government is the problem.