Diyvehiclerepair
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 was the highest gas price in 2008?
- Why was gas so expensive in 2009?
- Why was gasoline so expensive in 2008?
- What were gas prices in 2018?
- What were gas prices in 1978?
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 gas so expensive in 2009?
According to EIA, as mentioned above, crude oil wells both onshore and offshore have increased - 2009 was the first year in decades that domestic oil production rose. The reason is largely due to an increased in offshore oil drilling and the production of tight oil, which is obtained through onshore shale rock.
Why was gasoline so expensive 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.
What were gas prices in 2018?
Average gasoline price in 2018 was $2.74. Notes: Retail price includes federal and state taxes.
What were gas prices in 1978?
In 1978, the average price of a gallon of regular unleaded gasoline in U.S. cities ranged from 65 cents to 71 cents.
