What was the price of fuel in 2009?
What was the price of fuel in 2009?
Supporting Information
| Year | Retail Gasoline Price (Current dollars/gallon) | Retail Gasoline Price (Constant 2015 dollars/gallon) |
|---|---|---|
| 2008 | 3.27 | 3.61 |
| 2009 | 2.35 | 2.58 |
| 2010 | 2.79 | 3.02 |
| 2011 | 3.53 | 3.75 |
Why did gas prices drop in 2008?
2 The lower price for oil and gas due to the financial crisis was the major impact on the sector. Energy prices thus fell due to diminishing demand, a contraction of credit with which to make purchases, and lower corporate earnings which led to layoffs and increased unemployment.
How much was gas back in 1994?
1994. Gas prices remained steady from 1993 to 1994, hovering at $1.11 per gallon.
What will gas prices be in 2030?
Download our latest ENERGY Data Brief
| Year | Units | 2030 |
|---|---|---|
| Reference Scenario | $2020 USD per MMbtu | 3.40 |
| Evolving Scenario | $2020 USD per MMbtu | 3.24 |
Why did gas prices spike in 2009?
Surging demand from developing economies, stagnant production, financial speculation, and tension in the Middle East caused oil and gas prices to steadily climb over the 2000s.
Why were gas prices so high in 2007?
Whereas previous oil price shocks were primarily caused by physical disrup- tions of supply, the price run-up of 2007–08 was caused by strong demand confronting stagnating world production.
Why did gas spike in 2008?
The spike in oil prices in July 2008 came at the tail end of a decade-long energy crisis. Surging demand from developing economies, stagnant production, financial speculation, and tension in the Middle East caused oil and gas prices to steadily climb over the 2000s.
What was gas prices in 1972?
Average Gas Prices in the U.S. Through History
| Year | National Average Gas Price (Dollars/Gallon) Then | National Average Gas Price (Dollars/Gallon) In 2015 Dollars |
|---|---|---|
| 1972 | 0.36 | 1.59 |
| 1973 | 0.39 | 1.62 |
| 1974 | 0.53 | 2.03 |
| 1975 | 0.57 | 1.98 |