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How much was gas back in 2008?

How much was gas back in 2008?

Supporting Information

Year Retail Gasoline Price (Current dollars/gallon) Retail Gasoline Price (Constant 2015 dollars/gallon)
2006 2.59 3.00
2007 2.80 3.16
2008 3.27 3.61
2009 2.35 2.58

What was the price of gas in California in 2008?

Unleaded Regular, Average $US Price per Gallon

Year Jan Year Average
2008 $3.23 $3.52
2007 $2.54 $3.05
Year Jan Year Average
2006 $2.39 $2.83

What made 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 average price of a gallon of unleaded gas in 2008?

The 2008 gas crisis hit its peak one month later with prices averaging $4.11 per gallon.

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 …

How much did milk cost in 1970?

1970: $1.32 per gallon.

What’s the average price of gas in California?

The description of the photograph reads: “Gasoline prices over $5.00 per gallon are displayed at a Shell station June 23, 2008 in San Mateo, California. Gasoline prices continue to rise as the national average for regular unleaded is at a new record high of $4.10 per gallon.”

What was the price of gas in June of 2008?

CBS News looked into some of the claims each made. David Axelrod: “In June of 2008, the price of gas was four dollars and ten cents a gallon.”. The cost of gas in June of 2008, the early stages of the heavy summer driving season and during the presidential campaign, was $4.10 per gallon.

What was the average price of gas in 1980?

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? 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.

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.