| Year Retail Gasoline Price (Current dollars/gallon) Retail Gasoline Price (Constant 2015 dollars/gallon) | 2011 3.53 3.75 | 2012 3.64 3.80 | 2013 3.53 3.62 | 2014 3.37 3.40 |
|---|
What was the price of gas in 2015?
2015 was different. 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 national gas price in 2014?
| Year Jan Dec | 2014 3.313 2.543 | 2015 2.116 2.038 | 2016 1.949 2.254 | 2017 2.349 2.477 |
|---|
What were gas prices in 2011?
| ¢/L Annual (National Average) | 2011 2010 | Gasoline 124.0 103.6 | Diesel 124.7 100.8 | Furnace Oil 113.0 88.8 |
|---|
What were gas prices 15 years ago?
The last time the average price of gas was
less than $2
was 15 years ago, in 2004. The average price of gas then was $1.88.
What was the lowest gas price in 2020?
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 price of gas in 1981?
| Year Retail Gasoline Price (Current dollars/gallon) Retail Gasoline Price (Constant 2015 dollars/gallon) | 1980 1.19 2.95 | 1981 1.31 2.97 | 1982 1.22 2.60 | 1983 1.16 2.37 |
|---|
What was the price of gas in 1998?
| Year Retail Gasoline Price (Current dollars/gallon) Retail Gasoline Price (Constant 2015 dollars/gallon) | 1998 1.06 1.43 | 1999 1.17 1.55 | 2000 1.51 1.97 | 2001 1.46 1.86 |
|---|
What was the price of gas one year ago?
| Value from 1 Year Ago 3.174 | Change from 1 Year Ago 35.79% | Frequency Monthly | Unit USD per Gallon | Adjustment N/A |
|---|
Who sets the price of gasoline?
The price of gasoline is made up of four factors:
taxes, distribution and marketing
, the cost of refining, and crude oil prices. Of these four factors, the price of crude oil accounts for nearly 70% of the price you pay at the pump, so when they fluctuate (as they often do), we see the effects.
What was the price of gas in 1950?
| Year Gasoline Price (Current dollars/gallon) Gasoline Price (Constant 2011 dollars/gallon) | 1950 0.27 2.07 | 1951 0.27 1.93 | 1952 0.27 1.93 | 1953 0.27 1.92 |
|---|
Why was gas so expensive in 2011?
The average price of gasoline in the United States
increased 6 cents to $3.17
. On March 1, 2011, a significant drop in Libyan production and fears of more instability in other countries pushed the price of oil over $100 a barrel in New York trading, while the average price of gas reached $3.37.
Why was gas expensive in 2011?
Higher gasoline and diesel prices mostly reflected higher crude oil prices
, which rose in 2011 in response to the disruption in Libya’s oil production and expected stronger oil demand as the global economy improved.
How much was gas in March 2020?
| March 2020: Average Price ($ per gallon) of Regular Gasoline | AD43 (Friedman-D) $3.40 |
|---|
Why were 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.
Why was gas $4 a gallon?
The average price has exceeded $4 because of “
the continued recovery of fuel demand in Southern California and anticipation that demand will only grow once more pandemic-related restrictions are lifted” and oil prices continuing to stay at higher levels
, which adds to the cost of producing gasoline, according to Marie …
