What Was The Average Cost Of Gas In 2007?

by | Last updated on January 24, 2024

, , , ,
Year Retail Gasoline Price (Current dollars/gallon) Retail Gasoline Price (Constant 2015 dollars/gallon) 2007

2.80


3.16
2008 3.27 3.61 2009 2.35 2.58 2010 2.79 3.02

When was the last time gas was $3 a gallon?

The national average price of regular gasoline is just slightly over $3 a gallon on Wednesday, according to data from the American Automobile Association. The last time average prices were at these levels was in

November 2014

.

When was the last time gas was over $4 a gallon?

The last time California gasoline reached these levels was

November 2019

, AAA data showed.

When was gas $0.99 a gallon?

In

October 1998

, you could buy gas for 99 cents a gallon. You read right: 99 cents a gallon. This was the last time gas was under a buck a gallon here.

Why was gas so expensive in 2007?


High oil prices and economic weakness contributed

to a demand contraction in 2007–2008. In the United States, gasoline consumption declined by 0.4% in 2007, then fell by 0.5% in the first two months of 2008 alone.

What was the average cost of gas in 2020?

Year Jan Sep 2018 2.671 2.915 2019 2.338 2.681 2020

2.636

2.274
2021 2.420 3.272

What state has lowest gas prices?

The U.S. Fuel Index Report, released by Zutobi last month, revealed that the state with the cheapest gas was

Mississippi

at $2.716 per gallon, followed by Louisiana at $2.718 and Missouri at $2.734.

What was the lowest gas price in 2020?

WASHINGTON, D.C. — Last year’s prices at the pump hit their lowest annual average since 2016. According to the U.S. Energy Information Administration (EIA), regular retail gasoline prices averaged

$2.17 per gallon

in the United States in 2020 — 44 cents per gallon, or 17 percent, lower than in 2019.

What was the average price of a gallon of gas in 1990?

Year Retail Gasoline Price (Current dollars/gallon) Retail Gasoline Price (Constant 2015 dollars/gallon) 1988 0.90 1.59 1989 1.00 1.70 1990

1.15


1.89
1991 1.14 1.81

What state has the most expensive gas?

  • 1– California:
  • 2 -Hawaii:
  • 3 – Nevada:
  • 1 – Illinois.
  • 2 – New York.
  • 3 – Minnesota.
  • 1 – Oregon.
  • 2 – Nevada.

How much was gas 1999?

1995 1999 cents per litre Montréal 56.8 63.0 Ottawa 53.8 56.2 Toronto 52.4

57.5

When did gas cost $1?

While gas stayed below a dollar from

1929 until 1980

(a period of 51 years) it doubled in the four years from 1979 to 1983. I guess we showed them. To be fair it did go back down slightly in the late 1980’s, but after that, a dollar a gallon gas was just a fond memory.

Where in the world is the cheapest gas?


Venezuela

boasts the lowest cost of gasoline on our list. Citizens pay just pennies per gallon, enjoying generous subsidies from President Hugo Chavez. Like Iran and Saudi Arabia, oil-rich Venezuela has stitched affordable gas into its national fabric.

What was the price of milk in 2007?

Year USD Value Inflation Rate 2006 $6.27 -1.19% 2007

$7.01

11.68%
2008 $7.43 5.99% 2009 $6.45 -13.15%

How much did a loaf of bread cost in 2007?

Year USD Value Inflation Rate 2006 $6.52 3.29% 2007

$7.00

7.44%
2008 $8.03 14.61% 2009 $8.13 1.26%

How much did a gallon of milk cost in 2007?

What was the cost of milk in 2007? 2007:

$1.64 commodity

price, $3.87 retail price That translated to a big jump in the price for consumers, who paid an average retail price of $3.87 per gallon, making 2007 the peak year for retail milk prices in the United States (so far).

Emily Lee
Author
Emily Lee
Emily Lee is a freelance writer and artist based in New York City. She’s an accomplished writer with a deep passion for the arts, and brings a unique perspective to the world of entertainment. Emily has written about art, entertainment, and pop culture.