Gas prices by the numbers: Key historical facts amid surging fuel costs

Gasoline-powered cars are still the most prevalent on American roads. Though, electric, hybrid and plug-in hybrid cars are beginning to pick up steam.Hedges & Company, an automotive market research company, projected that the U.S. will reach 290.8 million registered vehicles in 2022 – which is a 0.4% increase from its 2021 estimate .Gasoline- and diesel-powered road vehicles made up 89.1% of "light-duty vehicle sales" in the U.S.

The remaining 10.9% were vehicle sales in the hybrid , electric and plug-in hybrid categories.The U.S. gasoline and petroleum wholesaling market is projected to reach $716.7 billion, according to a market research forecast from IBISWorld – an industry analysis company.There are two U.S. states where self-service gas pumping is extremely limited and/or prohibited.Self-service gas stations have been around since 1947, but only 48 states allow customers to fuel up themselves.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Price volatility and rising demand revive U.S. natural gas tradingNatural gas trading is seeing a renaissance in the United States with the return of price volatility, while market turmoil in Europe could keep gas demand and exports high for years, according to trading industry executives.
Source: Reuters - 🏆 2. / 97 Read more »

Oil companies say they're not gouging drivers, but Americans are bracing for higher gas prices, especially those who don't have the luxury of working from homeOil companies say they’re not gouging drivers, but Americans are bracing for higher gas prices, especially those who don’t have the luxury of working from home The US government makes more money from oil than anyone by orders of magnitude.
Source: MarketWatch - 🏆 3. / 97 Read more »