What was the price of regular gas in 2008?
What was the price of regular 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 |
Did gas prices go up in 2008?
According to the U.S. National Bureau of Economic Research, the Great Recession began in December 2007 and ended in June 2009. During that time, the national average surpassed $4 per gallon from June 8, 2008 to July 24, 2008, peaking on July 16 at $4.10 per gallon.
How much did a gallon of gas cost in 2009?
| Regular gasoline/gallon | $1.85 | ↑ .06 |
|---|---|---|
| Diesel fuel/gallon | $2.30 | ↓ .02 |
What was the price of gas in July 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 prices 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.
What was the price of a house in 2008?
The worst performing market in the nation was Stockton, Calif. The average home price there plunged 32.3% year-over-year to $210,179 in the first three quarters of 2008.
What was the highest gas prices in 2009?
Gas prices have fallen for 26 days in a row after climbing to $2.693, the highest level of 2009, on June 21.
What was the price of bread in 2008?
In 2008, the price of bread had increased to $1.37 per loaf and wheat prices hit $8.89 per bushel. The value of wheat in that loaf of bread was now 12.2 cents, but the value of wheat as a percentage of the entire loaf went down to 9%.
What was the price of gas in 2008?
Nov. 3, 2008 —U.S. Gas prices drop to $1.72 a gallon. Some gas stations even roll out a $.99 cent promotional deal. Treehuggers question whether the sudden drop is as good as most consumers seem to think it is. Dec. 17, 2008 —OPEC removes 2.2 million barrels from its daily production.
What was the average price of gas in 2012?
The highest average gas price was $3.64 in 2012, which is 167% more expensive than a decade earlier. What year did gas go over one dollar? The average price of gas first went over $1 a gallon in 1980, when it went from $0.86 per gallon to $1.19 per gallon. When was the last time gas was under $2 a gallon?
When did gas prices go up to$ 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.
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