What was the highest gas prices in 2014?

EIA data shows the U.S. average gas price was about $3.54 per gallon for the week ending July 28, 2014. The highest weekly average gas price that the agency recorded in 2014 was $3.71 per gallon for the week ending April 28.

What was the average price of gas in the United States in 2014?

Year Jan Oct
2012 3.380 3.746
2013 3.319 3.344
2014 3.313 3.171
2015 2.116 2.290

Why did retail gas prices in the United States fall in 2014?

Across the country, retail prices for regular grade gasoline reached the lowest levels in four years primarily as a result of falling crude prices in the second half of 2014.

What were gas prices in California in 2014?

Not one state was under $3 per gallon on average Monday, with Mississippi, the cheapest, at $3.085. Some states saw bigger jumps in price than others over the last week….Gas prices hit highest level since 2014 – what’s behind the latest spike.

California $4.680
Alaska $3.780
Arizona $3.643
District of Columbia $3.627
Illinois $3.618

How much was gas 2002?

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 year was gas prices the highest?

Gas prices are the most expensive in US history, breaking record from 2008.

How much is a barrel of oil 2014?

WTI Crude Oil Prices – 10 Year Daily Chart

Crude Oil Prices – Historical Annual Data
Year Average Closing Price Year High
2015 $48.66 $61.36
2014 $93.17 $107.95
2013 $97.98 $110.62

Why did the oil price crash in 2014?

The reasons for this change are twofold – weak demand in many countries due to insipid economic growth, coupled with surging US production. Added to this is the fact that the oil cartel Opec is determined not to cut production as a way to prop up prices. So who are some of the winners and losers?

What state has the cheapest gas 2021?

Cheapest States for Gas (June 2021):

Rank State How many gallons will you get for $50?
1 Mississippi 18.41
2 Louisiana 18.40
3 Missouri 18.29
4 Texas 18.27

What state has the highest gas prices per gallon?

There are eight states where gas prices are above $4.50 per gallon, and three states where the price is above $5: California, Hawaii, and Nevada….Where is Gas the Most Expensive in America?

Rank State Cost per Gallon (as of 03/21/2022)
#1 California $5.855
#2 Nevada $5.118
#3 Hawaii $5.087
#4 Washington $4.726

What was gas prices in 1969?

Supporting Information

Year Gasoline Price (Current dollars/gallon) Gasoline Price (Constant 2011 dollars/gallon)
1969 0.34 1.65
1970 0.35 1.62
1971 0.36 1.58
1972 0.36 1.55

What was the highest gas price in US history?

– Dot-com bust and 9/11 put a chill on the global economy – Falling U.S. oil production gives OPEC more pricing power – Rising oil prices helped spur the 2008-2009 recession, which crashed oil prices – Economic recovery sent oil prices back to $100/bbl – U.S. – Prices stabilize as OPEC again curtails production – Covid-19 pandemic sends oil prices crashing

What is the average cost of gas per year?

The national average is up 6.8 cents per gallon from a month ago and stands at 92.8 cents per gallon higher than a year ago. “The price of oil pushed into territory unseen in over seven years as WTI crude hit $88 per barrel, which continues to drag gasoline prices higher.

What is the average price of gas in the US?

We’ll take the regular price of gas per gallon, which is $3.30 for the US. And, the average price of gasoline in Canada is around $1.33 per litre. That sounds pretty clear until it hits you that there’s a difference in metrics and the currency!

What is the price per gallon of gasoline?

This will give you a dollar amount that accounts for about one-third of the total price per gallon. By multiplying this amount by three, you can get an estimated price per gallon. For example: using $2.38, divide by two to get $1.19. Multiply $1.19 by three to get $3.57, an average cost per gallon of gasoline. Tips Warnings References Tips Warnings