What were the average gas prices in 2007?
Jackson Reed
Updated on December 29, 2025
Supporting Information
| Year | Retail Gasoline Price (Current dollars/gallon) | Retail Gasoline Price (Constant 2015 dollars/gallon) |
|---|---|---|
| 2007 | 2.80 | 3.16 |
| 2008 | 3.27 | 3.61 |
| 2009 | 2.35 | 2.58 |
| 2010 | 2.79 | 3.02 |
What was the price of gas in June 2007?
| Year | Jan | Jun |
|---|---|---|
| 2007 | 2.616 | 3.329 |
| 2008 | 3.296 | 4.531 |
| 2009 | 2.051 | 2.969 |
| 2010 | 3.065 | 3.134 |
Why were gas prices so high 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 cost of a loaf of bread in 2007?
Buying power of $5 since 1997
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2006 | $6.52 | 3.29% |
| 2007 | $7.00 | 7.44% |
| 2008 | $8.03 | 14.61% |
| 2009 | $8.13 | 1.26% |
How much did a loaf of bread cost in 2007?
How much was gas in March 2020?
Below are the monthly updates from the most current March 2020 fuel price data (GasBuddy.com) and January 2020 electricity and natural gas price data (US Energy Information Agency)….Highest/Lowest Fuel Prices by Legislative District:
| March 2020: Average Price ($ per gallon) of Regular Gasoline | |
|---|---|
| AD43 (Friedman-D) | $3.40 |
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.
Do gas prices go down in a recession?
Putting aside the question of whether energy prices have been affected by, or have contributed to, this economic downturn, the reality is that oil and natural gas prices in the United States are decreasing and will likely remain lower before moving up again.
What was the average price of gas in 2012?
The highest average gas price was $3.64 in 2012, which is 167% more expensive than a decade earlier. What year did gas go over one dollar? 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?
What was the highest price of gas in history?
What is the highest priced gas in history? The highest average gas price was $3.64 in 2012, which is 167% more expensive than a decade earlier. What year did gas go over one dollar? The average price of gas first went over $1 a gallon in 1980, when it went from $0.86 per gallon to $1.19 per gallon.
When was the last time gas was less than$ 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. How much was gas in the 90s? The average price of gas in the 1990’s was just shy of $1.15.
What was the price of gas in 1990?
Gas prices in the United States 1990-2019. In 2019, one gallon of regular gasoline cost 2.6 U.S. dollars in the United States. The price of gasoline in the U.S. is significantly lower than in many other countries. At roughly seven U.S. dollars per gallon, customers in Norway are charged some of the highest gas prices around the world.
