What was the average price of gas in December 2008?
| Regular gasoline/gallon | $1.61 | ↓ .04 |
|---|---|---|
| Diesel fuel/gallon | $2.33 | ↓ .04 |
What was the national gas price in 2008?
Supporting Information
| Year | Retail Gasoline Price (Current dollars/gallon) | Retail Gasoline Price (Constant 2015 dollars/gallon) |
|---|---|---|
| 2006 | 2.59 | 3.00 |
| 2007 | 2.80 | 3.16 |
| 2008 | 3.27 | 3.61 |
| 2009 | 2.35 | 2.58 |
What was the price of gas in January 2008?
| Regular gasoline/gallon | $3.11 | ↑ .06 |
|---|---|---|
| Diesel fuel/gallon | $3.38 | ↑ .03 |
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.
What is the national average gas price?
National average gas prices
| Regular | Premium | |
|---|---|---|
| Current Avg. | $3.378 | $3.981 |
| Yesterday Avg. | $3.369 | $3.974 |
| Week Ago Avg. | $3.306 | $3.913 |
| Month Ago Avg. | $3.190 | $3.818 |
When was the last time gas was $4 a gallon in California?
The last time California gasoline reached these levels was November 2019, AAA data showed.
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 were gas prices January 2020?
Historical Data
| Date | Value |
|---|---|
| January 18, 2021 | 2.464 |
| January 11, 2021 | 2.403 |
| January 04, 2021 | 2.336 |
| December 28, 2020 | 2.33 |
What was the price of gas in July 2008?
Regular Retail Gasoline, Average $US Price per Gallon
| Year | Jan | Jul |
|---|---|---|
| 2008 | $3.23 | $4.48 |
| 2007 | $2.54 | $3.08 |
| Year | Jan | Jul |
| 2006 | $2.39 | $3.26 |
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.
Why were gas prices 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.
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 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),…
What is the average gas price in California?
In some parts of the U.S., gas is down to nearly $1 a gallon. But not in California. The average price of regular gas in California is $2.50 a gallon, or about 80 cents higher than the national average.