Table of Contents
How much did a gallon of gas cost in 2002?
Supporting Information
| Year | Retail Gasoline Price (Current dollars/gallon) | Retail Gasoline Price (Constant 2015 dollars/gallon) |
|---|---|---|
| 2001 | 1.46 | 1.91 |
| 2002 | 1.36 | 1.75 |
| 2003 | 1.59 | 2.01 |
| 2004 | 1.88 | 2.32 |
How much did gas cost in 1950?
Supporting Information
| Year | Gasoline Price (Current dollars/gallon) | Gasoline Price (Constant 2011 dollars/gallon) |
|---|---|---|
| 1950 | 0.27 | 2.07 |
| 1951 | 0.27 | 1.93 |
| 1952 | 0.27 | 1.93 |
| 1953 | 0.27 | 1.92 |
What was the price of gasoline in 1950?
Why gas went up to four dollars a gallon in the mid 2000s?
Commentators attributed these price increases to many factors, including Middle East tension, soaring demand from China, the falling value of the U.S. dollar, reports showing a decline in petroleum reserves, worries over peak oil, and financial speculation.
How much was a dozen eggs in 1950?
1950: 60 cents The price of eggs fell to 60 cents, or about $6.40 in today’s dollars, in 1950.
When was the last time gas was less than$ 2 a gallon?
The last time the average price of gas was less than $2 was 15 years ago, in 2004. The average price of gas then was $1.88. How much was gas in the 90s? The average price of gas in the 1990’s was just shy of $1.15.
What was the average price of gas in 2012?
The highest average gas price was $3.64 in 2012, which is 167% more expensive than a decade earlier. What year did gas go over one dollar? The average price of gas first went over $1 a gallon in 1980, when it went from $0.86 per gallon to $1.19 per gallon.
What’s the average price of a gallon of gas?
Bottom Line. In the last five years, the price of gas has remained steady between $2.45 and $2.75 per gallon. Gas prices are based largely on supply and demand. Typically, gas costs less during the winter months when drivers are less likely to be on the road.
What was the average price of gas in 1980?
The average price of gas first went over $1 a gallon in 1980, when it went from $0.86 per gallon to $1.19 per gallon. When was the last time gas was under $2 a gallon? The last time the average price of gas was less than $2 was 15 years ago, in 2004. The average price of gas then was $1.88.