What was the price of a gas in 2007?
What was the price of a gas in 2007?
Supporting Information
| Year | Retail Gasoline Price (Current dollars/gallon) | Retail Gasoline Price (Constant 2015 dollars/gallon) |
|---|---|---|
| 2005 | 2.30 | 2.74 |
| 2006 | 2.59 | 3.00 |
| 2007 | 2.80 | 3.16 |
| 2008 | 3.27 | 3.61 |
What was the average price of gas in 2008?
The national average gas price has been slowly trending higher after crashing to an average of $1.616 a gallon in December of 2008 (the national average for a gallon of gas had hit $4.114 just a few months earlier).
What was the price of gas in 1987?
In the year 1987, the average retail price of gas in the U.S. was $0.90. This is equivalent to $2.05 in 2019 dollars. Inflation Calculator.
What’s the price of gas going to be in 2012?
Earlier this week, I linked to an article in which John Hofmeister, former president of Shell Oil, proclaimed that the price of gasoline could hit $5 a gallon by 2012.
When was the last time gas prices went up?
Fortunately for us, the Energy Information Administration (link below) has produced a handy chart that lets us look at the average price of gasoline from 1949-2009 in chained 2005 dollars. If your inkling was that gas prices have never been higher (in inflation-adjusted terms) over the past number of years, then you would be right.
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 most expensive gas?
No. 1 most expensive: California. The Golden State currently has the most expensive gas in the country at $3.24 a gallon. That’s primarily because California’s environmental standards are higher than the federal requirements.
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.
What are the gas prices in the US?
National Gas Price Average Holds Steady. The national gas price average has held steady at $2.49 for nine straight days. Many motorists across the country are seeing more expensive gas prices at most six cents on the week, while prices are cheaper for a select few states: Indiana (-10 cents), Ohio (-7 cents), Michigan (-6 cents), Kentucky (-4 cents),…
