Price of Gasoline Up 48% in a Year

Terence P. Jeffrey | April 12, 2022 | 9:25am EDT
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(Photo by Peter Klaunzer-Pool/Keystone via Getty Images)
(Photo by Peter Klaunzer-Pool/Keystone via Getty Images)

( - 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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