What was the price of a gallon of gas in 2003?
Supporting Information
| Year | Retail Gasoline Price (Current dollars/ gallon ) | Retail Gasoline Price (Constant 2015 dollars/ gallon ) |
|---|---|---|
| 2001 | 1.46 | 1.91 |
| 2002 | 1.36 | 1.75 |
| 2003 | 1.59 | 2.01 |
| 2004 | 1.88 | 2.32 |
What is the price of a gallon of gas in 2020?
The average value for USA during that period was 0.66 U.S. Dollar with a minimum of 0.65 U.S. Dollar on 02-Nov- 2020 and a maximum of 0.68 U.S. Dollar on 31-Aug- 2020 . For comparison, the average price of gasoline in the world for this period is 1.27 U.S. Dollar. USA Gasoline prices , 07-Dec- 2020 .
| USA Gasoline prices | Liter | Gallon |
|---|---|---|
| EUR | 0.546 | 2.067 |
What was the average cost of gas in 1996?
Supporting Information
| Year | Retail Gasoline Price (Current dollars/gallon) | Retail Gasoline Price (Constant 2015 dollars/gallon) |
|---|---|---|
| 1995 | 1.15 | 1.62 |
| 1996 | 1.23 | 1.71 |
| 1997 | 1.23 | 1.68 |
| 1998 | 1.06 | 1.43 |
What state has the cheapest gas prices today?
Hawaii tops the list. Missouri has the cheapest gas.
When was gas last under $2?
2004
Why was gas so expensive in 2012?
a) World Oil Demand Growth: World crude oil and liquid fuels consumption grew to the highest level ever in 2012 , with an estimated 89.2 million barrels per day (bpd) consumed in total. If world demand for oil rises faster than oil companies can produce the crude, oil prices will go up, which is what is occurring now.
What were gas prices in February 2020?
Historical Data
| Date | Value |
|---|---|
| March 02, 2020 | 2.514 |
| February 24, 2020 | 2.555 |
| February 17, 2020 | 2.518 |
| February 10, 2020 | 2.511 |
What is the lowest gas price in the US?
89 cents a gallon
Where are the cheapest gas prices?
How low will gas prices fall? TOP 10 STATES WITH THE CHEAPEST GAS PRICES (listed by average price per gallon of unleaded regular) North Carolina: $2.549 per gallon. Virginia/Oklahoma: $2.521 per gallon. Missouri: $2.518 per gallon. Tennessee : $2.461 per gallon. Texas: $2.452 per gallon. Arkansas: $2.439 per gallon.
Who controls the price of gas?
Federal, state, and local government taxes also contribute to the retail price of gasoline . The federal gasoline excise tax is 18.30¢ per gallon and the federal Leaking Underground Storage Tank fee is 0.1¢ per gallon. As of July 1, 2019, total state taxes and fees on gasoline averaged 29.66¢ per gallon.
How much was a gallon of gas in 1950?
Supporting Information
| 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 gas is so cheap now?
Gas prices plummeted in recent weeks because of oil price feuds between Saudi Arabia and Russia, and looming recession fears sparked by the coronavirus pandemic. Saudi Arabia slashed crude oil prices and increased production, which has sent U.S. oil down 63 percent since March 9.
What state has the highest gas prices 2020?
Pennsylvania
Which state has the most expensive gas?
Hawaii ($3.47) and California ($3.21) remain the most expensive markets in the country, followed by Washington ($2.90), Oregon ($2.83), Alaska ($2.74), Nevada ($2.75) and Arizona ($2.58).
How can Costco sell gas so cheap?
Costco can sell gas at between 6 cents and 12 cents below the market price, according to research firm Trefis. It discounts gas in the hopes that people will fill up and then head over to its stores. Gas is already a low-margin product, and climbing prices can turn gasoline into a money loser for the company.