Gas price calculator shows how far your money goes
Key Points:
- Gas prices have significantly increased since the U.S. war with Iran began in February, with the average price of regular gasoline reaching $4.36 in September.
- The U.S. Energy Information Administration's gas price calculator allows consumers to see how much gas their money could buy at different price points throughout the year.
- Inflation has contributed to reduced gas affordability, with the gasoline index rising 34.2% year over year in September, accounting for more than half of the monthly increase in all items.
- Overall inflation worsened to 3.7% year over year in September, driven in part by elevated oil prices linked to the ongoing conflict.