What was the average gas prices in 2012?
Supporting Information
| 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 |
Why did gas prices go up in 2011?
Gas rose to $3.40. On August 7, a California refinery fire contributed to a jump in oil futures. Other refinery problems, a pipeline leak, fears about Iran, the crisis in Syria, North Sea problems, and Tropical Storm Ernesto all contributed to a 20% jump in oil prices in six weeks.
What was the average price of gas in 2012?
The nationwide average price for a gallon of regular gas hit $3.60 in 2012, according to AAA. That’s up 9 cents from the previous record high of $3.51 a gallon set in 2011. AAA blamed hurricanes, refinery outages and tensions in the Middle East for the high prices.
What’s the average gas tax in the United States?
The national average state tax for gasoline is 34.24 cents per gallon. Which five states have the highest gas tax? Which five states have the lowest gas tax? Why do gas prices fluctuate? Gas prices rise and fall according to supply and demand. If the supply is down and the demand is high, prices increase.
When did gas prices hit their highest ever?
In fact, while gas prices may have reached their highest average ever in 2012, it may not have been a record year in terms of how much people actually spent on gasoline. Since 2008, gasoline demand has dropped by over 10% in the Untied States, despite a growing population, according to the U.S. Energy Information Administration.
What was the average price of gas in 2018?
The average price of diesel fuel in 2018 was $3.18. This is 0.43 more per gallon than the average price of regular gas. What was the average price of diesel fuel in 2017? The average price of diesel fuel in 2017 was $2.63.