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Gas tax infographic – Click above to view interactive version after the jump

When residents of Wilmington – a neighborhood of Los Angeles, California – got word that a local Valero fueling station was selling gas for the bargain price of $1.10 per gallon, almost immediately, vehicles lined up 'round the corner. This wasn't one of those promo deals on fuel, though. It was a computer glitch that lead to the station dispensing some 8,000 gallons of gas at just $1.10 each.

When residents of Wilmington – a neighborhood of Los Angeles, CA – got word that a local Valero fueling station was selling gas for the bargain price of $1.10 a gallon, almost immediately, vehicles lined up 'round the corner. This wasn't one of those promo deals on fuel though. It was a computer glitch that lead to the station dispensing some 8,000 gallons of gas at just $1.10 each.

Report

The national average price of gasoline has hit exactly $4 a gallon, approximately a dime below its all-time high. According to a Lundberg Survey of fueling stations released on Sunday, pump prices rose 12 cents over the past two weeks. On July 7, 2008, the national average price of gas soared to $4.114 a gallon, a record-setting high, according to data from the U.S. Department of Energy.

The national average price of gasoline has hit exactly $4 a gallon, approximately a dime below its all-time high. According to a Lundberg Survey of fueling stations released on Sunday, pump prices rose 12 cents over the past two weeks. On July 7, 2008, the national average price of gas soared to $4.114 a gallon, a record-setting high, according to data from the U.S. Department of Energy.

In early May, Iowa State University and the University of Wisconsin released a study indicating that in 2010, the blending of ethanol with gasoline reduced pump prices by an average of $0.89 per gallon. This is a $0.25 increase in savings thanks to the extra ethanol produced last year. In addition, the study, sponsored by the Renewable Fuels Association (RFA), found that in 2010 alone, ethanol reduced the average American household's gasoline bill by more than $800. RFA president, Bob Dinneen, w

Think fuel prices are high in the United States? What Yanks pay is nothing to what our former colonial masters are forced to shell out at the pumps, as reports come in of record-high prices in the UK.