What was the price of gas in June 2007?
Regular Retail Gasoline, Average $US Price per Gallon
| Year | Jan | Jul |
|---|---|---|
| 2008 | $3.23 | $4.48 |
| 2007 | $2.54 | $3.08 |
| Year | Jan | Jul |
| 2006 | $2.39 | $3.26 |
Why was gas so expensive in 2007?
New supplies of oil from non-OPEC countries were supposed to come online in 2007 and ease some of these supply bottlenecks. That’s helped push oil prices to nearly $130 a barrel and gasoline to an average of nearly $3.80 a gallon – smashing previous records even when adjusting for inflation.
What was the price of regular gas in 2008?
The U.S. average price for regular gasoline climbs to an all-time high of $4.11 per gallon.
Why did gas prices go up in 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.
When were the highest gas prices?
According the US Energy Information Administration (EIA) the highest price of gas in the US was reached during the week of July 7th 2008 at $4.11 per gallon for regular grade fuel (note this is a weekly average price).
What was the highest gas price in history?
The highest gas prices in history were in 2008, when the nationwide average reached $4.11 per gallon, when President George W. Bush was in office. That record still holds.
What is the average cost of gas?
The price of gas may go up or down, but it’s always a major expense for anyone who drives a car. The average American consumer spends about $3,000 per year for gas, according to the American Automobile Association. Some of the practical ways to reduce fuel cost are listed below.
What are the gas prices in the US?
National Gas Price Average Holds Steady. The national gas price average has held steady at $2.49 for nine straight days. Many motorists across the country are seeing more expensive gas prices at most six cents on the week, while prices are cheaper for a select few states: Indiana (-10 cents), Ohio (-7 cents), Michigan (-6 cents), Kentucky (-4 cents),…