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Price of Gasoline up 48% in a year

(CNSNews.com) – The price of gasoline rose by 48.0 percent from March 2021 to March 2022, according to numbers released today by the Bureau of Labor Statistics.

In just one month—from February to March—the seasonally adjusted price of gasoline went up 18.3 percent.

“Increases in the indexes for gasoline, shelter, and food were the largest contributors to the seasonally adjusted all items increase,” said the BLS’s Consumer Price Index statement released today.

“The gasoline index rose 18.3 percent in March and accounted for over half of the all-items monthly increase; other energy component indexes also increased,” it said.

“The gasoline index rose sharply in March, increasing 18.3 percent after rising 6.6 percent in February. (Before seasonal adjustment, gasoline prices rose 19.8 percent in March.)” said BLS.

“The energy index rose 32.0 percent over the past 12 months with all major energy component indexes increasing,” BLS reported. “The index for gasoline rose 48.0 percent over the last year and the index for natural gas rose 21.6 percent. The index for electricity rose 11.1 percent for the 12 months ending March.”

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14 thoughts on “Price of Gasoline up 48% in a year”

  1. local restaurants might as well shutter as well as other local retailers unless they start accepting ebt cards and then all will be fine.

  2. Concerned Retiree

    Thanks to all DEMOCRATS that allowed this to happen by instituting red flags and permit restrictions on the oil companies.

    They are doing nothing to control the CAR MANUFACUERS from price gouging / fixing on the public. An 8 year old vehicle cost the same or more than they did new. Cannot even afford to to repair my 20+ year old vehicle at $100 an hour. Cannot even replace an equal vehicle with what I got with an 8 year old equal

      1. Worker class will NEVER afford Gas over $3.00 Gallon & there will be CIVIL WAR !!!!!!

        Already at $4.00 Gallon Here on Delmarva !!!!! Rednecks cannot afford it !!!! War coming

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