Table of Contents
What was the price of gas in 2008?
Supporting Information
| Year | Retail Gasoline Price (Current dollars/gallon) | Retail Gasoline Price (Constant 2015 dollars/gallon) |
|---|---|---|
| 2008 | 3.27 | 3.61 |
| 2009 | 2.35 | 2.58 |
| 2010 | 2.79 | 3.02 |
| 2011 | 3.53 | 3.75 |
Why was gas $4 a gallon in 2008?
The main reason for the price hike was record highs in crude oil prices, Lundberg said. The area with the highest average gas prices was Stockton, Calif., which posted $4.41 per gallon.
What was the highest gas price in 2008?
July 7, 2008—Crude oil prices settled-in at a new record of $147 per barrel. The U.S. average price for regular gasoline climbs to an all-time high of $4.11 per gallon. Road trip style vacations are put on hold for many summer travelers.
Why was the price of gas so high in 2008?
Great Recession 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.
What was the average price of a gallon of milk in 2008?
$3.80
Milk Prices By Year And Adjusted For Inflation
| Year | Average Milk Price by Year* | Average Annual CPI for Milk** |
|---|---|---|
| 2007 | $3.50 | 205.397 |
| 2008 | $3.80 | 217.220 |
| 2009 | $3.11 | 183.170 |
| 2010 | $3.26 | 191.173 |
What will oil prices be in 2021?
The survey of 41 analysts and economists forecast benchmark Brent crude to average $70.89 a barrel in 2021, the highest forecast for the year since April 2019. Prices are forecast to average $80.92 a barrel in the fourth quarter this year and $78.74 in the subsequent quarter.
How much was gas in 1963?
Supporting Information
| Year | Retail Gasoline Price (Current dollars/gallon) | Retail Gasoline Price (Constant 2015 dollars/gallon) |
|---|---|---|
| 1963 | 0.31 | 1.80 |
| 1964 | 0.30 | 1.76 |
| 1965 | 0.30 | 1.73 |
| 1966 | 0.31 | 1.73 |
What’s the cheapest gas in the United States?
Cheapest states for gas (June 2021):
| Rank | State | How many gallons will you get for $50? |
|---|---|---|
| 1 | Mississippi | 18.41 |
| 2 | Louisiana | 18.40 |
| 3 | Missouri | 18.29 |
| 4 | Texas | 18.27 |
When were the highest gas prices?
According the US Energy Information Administration (EIA) the highest price of gas in the US was reached during the week of July 7th 2008 at $4.11 per gallon for regular grade fuel (note this is a weekly average price).
What is the cheapest gas in the US?
Gas prices. NEW YORK — There’s a gas station in Ohio pumping gas for $1.21 a gallon. That is the cheapest gas in America, according to data collected from customers by GasBuddy.com.
What is the national average price of gas?
The national average price of gas has dropped for 16 days in row for a total of 11 cents per gallon. Today’s national average price of gas is $2.66 per gallon, which is the lowest average for this time of year since 2009. · It feels good to see gas prices drop during the middle of the busy summer driving season.
What is the average cost of gas?
The price of gas may go up or down, but it’s always a major expense for anyone who drives a car. The average American consumer spends about $3,000 per year for gas, according to the American Automobile Association. Some of the practical ways to reduce fuel cost are listed below.