How much is a gallon of gas in 2010?

How much is a gallon of gas in 2010?

Supporting Information

Year Retail Gasoline Price (Current dollars/gallon) Retail Gasoline Price (Constant 2015 dollars/gallon)
2010 2.79 3.02
2011 3.53 3.75
2012 3.64 3.80
2013 3.53 3.62

What were gas prices in 2011?

Supporting Information

Year Gasoline Price (Current dollars/gallon) Gasoline Price (Constant 2011 dollars/gallon)
2008 3.27 3.41
2009 2.35 2.43
2010 2.79 2.85
2011 3.53 3.53

How much did a gallon of gas cost in 2009?

Regular Retail Gasoline, Average $US Price per Gallon

Year Jan Year Average
2009 $1.98 $2.68
2008 $3.23 $3.52
2007 $2.54 $3.05
Year Jan Year Average

What was the price of gas in 2014?

Year Jan Dec
2011 3.095 3.266
2012 3.380 3.310
2013 3.319 3.276
2014 3.313 2.543

Why was gas so expensive in 2008?

At the same time, unemployment rose as companies reduced output since aggregate demand was falling. As a result, less energy was consumed and the demand for oil and gas fell in turn, putting additional pressure on its price.

What state has lowest gas prices?

Oklahoma has the lowest average gas price among states at $2.982 per gallon, GasBuddy data shows. Gas prices are at their highest in California, at an average of $4.531 per gallon. One factor driving this price disparity is regional access to oil refineries.

What were gas prices in 2015?

Gas price fluctuations in recent years In light of plummeting crude oil prices, U.S. regular retail prices of gasoline fell to 2.43 in 2015 and a record low of 2.14 in 2016.

What was the average gas price in 2016?

$2.14 per gallon
U.S. regular retail gasoline prices averaged $2.14 per gallon (gal) in 2016, 29 cents/gal (12%) less than in 2015 and the lowest annual average price since 2004.

What were gas prices in 2012?

Economic downturns increase volatility U.S. gasoline prices peaked at 3.62 U.S. dollars per gallon in 2012.

What was the average price of gas in 2017?

Table 1.

January March
2019 1.55 1.99
2018 1.74 1.54
2017 2.86 2.20
2016 2.11 1.36

What year was gasoline over $4 a gallon?

Why gas went up to four dollars a gallon in the mid 2000s?

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.

Why are gas prices so high?

Supply and Demand for oil. a) World Oil Demand Growth : World crude oil and liquid fuels demand increased after the height of the coronavirus pandemic and is 8

  • Federal and State Taxes. The second main cost of the price of gasoline is federal and state taxes.
  • Distribution and Marketing Costs.
  • Refining Costs.
  • What is the average gas price per gallon?

    Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update. U.S. regular retail gasoline prices averaged $2.60 per gallon (gal) in 2019, 11 cents/gal (4%) lower than in 2018.

    What is the price of gasoline in US?

    In 2019, customers at U.S. gas stations were charged 2.6 U.S. dollars per gallon , down 4.4 percent from 2.72 U.S. dollars in 2018. The price of gasoline is significantly lower in the U.S. than in…

    What is the price of gasoline?

    Millions of Americans are on the move – both in the air and on the roads – as more states are reopening and lifting COVID-19 restrictions. But drivers in all 50 states are likely getting sticker shock as the national average for gas hits the highest prices the country has seen since 2019. The national average is now $2.87 per gallon.