Quick Answer: What Was The Price Of A Gallon Of Gas In 2006?

How much was a gallon of gas in 1993?

How much was inflation.

In the year 1993, the average retail price of gas in the U.S.

was $1.11.

This is equivalent to $2.01 in 2020 dollars..

What is the price of a gallon of gas in 2020?

The average value for USA during that period was 0.67 U.S. Dollar with a minimum of 0.66 U.S. Dollar on 19-Oct-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 1.25 U.S. Dollar….USA Gasoline prices, 19-Oct-2020.USA Gasoline pricesLiterGallonEUR0.5642.1351 more row

When was gas last under $2?

2004Now, the national average has dropped below $2 per gallon, which is something the US hasn’t seen since 2016. The last time we saw a sustained period of gas below $2 per gallon was all the way back in 2004.

Why is fuel so cheap right now?

Petrol has dipped below $1 per litre at bowsers across Australia as the price of fuel hits a 20-year low. A massive oversupply of oil globally – as roads are empty during the lockdowns – has caused the price of petrol to plummet to record lows.

How much was gas 1975?

Supporting InformationYearRetail Gasoline Price (Current dollars/gallon)Retail Gasoline Price (Constant 2015 dollars/gallon)19730.391.6219740.532.0319750.571.9819760.591.9684 more rows•Mar 7, 2016

What’s the highest gas price ever in US?

The highest national average price of gas was $4.11 on July 17, 2008, according to AAA.

What year did gas prices peak?

The United States saw increased volatility during the global economic slowdown and subsequent recovery between 2008 and 2011. U.S. gasoline prices peaked at 3.62 U.S. dollars per gallon in 2012. Although U.S. gasoline prices dipped in 2013, they remained well above the three-dollar mark throughout 2014.

What state has the lowest price for gas?

Hawaii tops the list. Missouri has the cheapest gas. New York (CNN/Money) — The average price for regular gasoline on Monday, March 7, was $1.98 a gallon, down from $1.90 per gallon a month earlier, according to AAA. A year earlier, the average price of a gallon of regular gasoline was $1.73.

What was the highest price of gas ever?

The highest prices ever for unleaded gasoline were in the summer of 2008, with national prices for unleaded averaging $4.11 per gallon.

What year was gas 50 cents a gallon?

PerspectiveYearGasoline Price/GalInflation Adjusted Gas Prices Adj. for January 20201948$0.26$2.781949$0.27$2.931950$0.27$2.891951$0.27$2.6899 more rows

When was gas last under a dollar?

The last time an individual gas station sold fuel for less than $1 was in 2016 in Iowa, according to GasBuddy. The national average last held that level in 1999, U.S. government data show.

What did things cost in 1993?

PricesCost of a new home:$147,700.00Cost of a first-class stamp:$0.29Cost of a gallon of regular gas:$1.11Cost of a dozen eggs:$0.87Cost of a gallon of Milk:$2.862 more rows

How much was a gallon of gas in 1996?

Supporting InformationYearRetail Gasoline Price (Current dollars/gallon)Retail Gasoline Price (Constant 2015 dollars/gallon)19941.111.6019951.151.6219961.231.7119971.231.6883 more rows•Aug 31, 2015

How much was a loaf of bread in the 1980s?

The Price of BreadYEARCost of 1 lb. of BreadFederal Minimum Wage1980$0.50$3.101990$0.75$3.802000$1.99$5.152010$2.99$7.255 more rows

How much was the average house in 2020?

As of March 2020, the U.S. median home price was $320,000. This marks an interesting point in housing pricing trends.