How much was a gallon 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 |
What is the highest gas prices have ever been in North Carolina?
highest recorded average price
| Price | Date | |
|---|---|---|
| Regular Unleaded | $4.100 | 9/15/08 |
| Diesel | $4.801 | 7/16/08 |
Did gas prices go up in 2008?
The 2008 financial crisis and the Great Recession that followed had a pronounced negative impact on the oil and gas sector as it led to a steep decline in oil and gas prices and a contraction in credit. The decline in prices resulted in falling revenues for oil and gas companies.
Why did gas prices get so high in 2008?
In June 2008 U.S. energy secretary Samuel Bodman said that insufficient oil production, not financial speculation, was driving rising crude prices. He said that oil production had not kept pace with growing demand.
How much was gas in November 2008?
The national gasoline average is now 88.7 cents below the price this time last year….
| Regular gasoline/gallon | $2.22 | ↓ .18 |
|---|---|---|
| Diesel fuel/gallon | $2.94 | ↓ .14 |
What was the lowest gas price ever?
Lowest gas prices in the US falls to just 89 cents a gallon.
What was the average price of gas 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 $4.11 per gallon. Road trip style vacations are put on hold for many summer travelers.
When did gas prices go up to$ 3 a gallon?
April 21, 2008 —Gasoline prices jump to a record $3.50 a gallon in some parts of the U.S. May 15, 2008 — While many people were shocked at $3 a gallon, they were not prepared for what was about to happen as prices shot up to nearly $4 a gallon. Public hysteria sets in as consumers begin using Gas Buddy to find the lowest gas prices in town.
What was the average price of gas in 2015?
During the summer of 2015, the annual average retail price of regular-grade gasoline fell to 2.43 U.S. dollars per gallon. Prices continued to decline throughout 2016 but began to rebound in 2017.
What’s the average gas tax in the United States?
The national average state tax for gasoline is 34.24 cents per gallon. Which five states have the highest gas tax? Which five states have the lowest gas tax? Why do gas prices fluctuate? Gas prices rise and fall according to supply and demand. If the supply is down and the demand is high, prices increase.