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Among other factors, AAA attributes the drop to increased oil supplies across the country.
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The fuel is normally banned from sale in the summer to combat smog. Trump also allowed summer sales of the 15-percent ethanol blend in 2019 after U.S. farmers were hurt by his trade war with China.
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The proposal also includes transit cards that will help Illinois residents paying an average of $4.46 per gallon at the pump, compared to a national average of $4.23.
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The plan would involve releasing a total of 180 million barrels of oil over several months — the largest amount ever drawn from the reserve.
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AAA says concerns over fuel supply are resulting in "extreme volatility in the fuel market."
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Soaring gasoline prices have fueled increased demand for electric cars, hybrids and smaller gasoline-powered vehicles. But shoppers may not find much to choose from.
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The average price of a gallon of gas has fallen 20 cents in the last week.
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Gasoline prices hit record highs last week, so politicians in both parties proposed suspending state and federal gas taxes. But some warn such tax "holidays" may cut funding for needed road repairs.
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As of Wednesday, the average cost of a gallon of regular fuel is now $4.305, according to AAA. Both ride-share companies say they're adding surcharges to deal with the spike in gas prices in the U.S.
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Gas prices have soared just as workers who have been remote for two years return to their commutes. Some are asking for companies to wait until prices come down to bring people back.
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The governor had asked lawmakers to use federal stimulus money to waive the gas tax for five months this year. The legislature agreed to waive it for one month.
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AAA of Florida reports that the average price of a gallon of regular unleaded in the state hit a new all-time record high of $4.15 Tuesday