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 was the price of regular gas in 2008?
The U.S. average price for regular gasoline climbs to an all-time high of $4.11 per gallon.
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 highest gas price in Missouri in history?
$3.95 a gallon
In 2008, Missouri finished the year with an average price of $1.40, more than a dollar a gallon below the current price. The all-time high price for gas in Missouri was $3.95 a gallon, set on July 16, 2008.
What was the price of gas in January 2008?
| Regular gasoline/gallon | $3.11 | ↑ .06 |
|---|---|---|
| Diesel fuel/gallon | $3.38 | ↑ .03 |
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 |
Why did gas prices go down in 2008?
The recession caused demand for energy to shrink in late 2008, with oil prices collapsing from the July 2008 high of $147 to a December 2008 low of $32. However, it has been disputed that the laws of supply and demand of oil could have been responsible for an almost 80% drop in the oil price within a 6-month period.
What was gas prices in 2020 in Missouri?
— The American Automobile Association (AAA) data shows Missouri gas prices rose by 51% in a single year. In August 2020, Missouri’s gas prices averaged about $1.90. A year later, the state’s average gas price steadily increased to $2.87.
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 was the price of gas in 2012?
The United States saw increased volatility during the global economic slowdown and subsequent recovery between 2008 and 2011. U.S. gasoline prices peaked at 3.62 U.S. dollars per gallon in 2012. Although U.S. gasoline prices dipped in 2013, they remained well above the three-dollar mark throughout 2014.