How Much Did A Gallon Of Gas Cost In 1989?

What was the highest gas prices in US history?

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

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.

How much was gas a gallon in 1900?

Gasoline Many of us aren’t old enough to remember paying 21 cents a gallon for gas, but it wasn’t as sweet as you may think.

How much did a gallon of gas cost in 1919?

PerspectiveYearGasoline Price/GalInflation Adjusted Gas Prices Adj. for January 20201919$0.25$3.731920$0.30$3.871921$0.26$3.751922$0.25$3.8499 more rows

How much was a gallon of gas in 1996?

1996 Gas Price in Today’s Dollars. How much was inflation? In the year 1996, the average retail price of gas in the U.S. was $1.23.

What city has the most expensive gas?

Hong Kong charges the highest prices for gas worldwide, according to Deutsche Bank’s annual “Mapping the World’s Prices” report. The city’s gas prices cost more than double the New York price, and rose 7% in the last year. Other expensive cities for gas include Oslo, Helsinki and Milan.

What did gas cost in 1950?

The average price for a gallon of gas in 1950 was 18 cents with the price at the end of the decade being 25 cents so it was a bargain to buy gas for 24 cents ten years after 1959. The average cost of a new car was $1,510 in 1950 and by the end of the decade was $2,200.

How much did a gallon of gas cost in the 1920s?

According to the Energy Information Administration, the price of gasoline in 1920s dollars steadily fell from 30 cents in 1920 per gallon to 21 cents per gallon in 1929.

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

How much was a gallon of gas in 1950?

A gallon of gas was 27 cents in 1950, according to historical data from the U.S. Department of Energy. Four gallons would have cost you $1.08. That sounds pretty cheap, but the 1950 price was equivalent to $2.14 a gallon in 2015, only 31 cents less than 2015’s average per-gallon price of $2.45.

What major event happened in 1944?

This Day in History – June 6, 1944, The United States and allied troops invaded at Normandy. This was the largest air, land, and sea invasion in history. The goal was to surprise Germany, but Germany was ready to fight. It was the beginning of the end of World War II.

What country has the cheapest gas in the world?

Here are the top ten countries with the cheapest gas prices, according to a Bloomberg report:Venezuela. … Iran. … Kuwait. … Nigeria. … Egypt. … Malaysia. … Saudi Arabia. … The United Arab Emirates.More items…

Who has the cheapest gas in the USA?

Here are the cheapest states to get gas, listed in order of highest average price for regular gas to lowest.Missouri. Kansas City, Missouri.Oklahoma. Oklahoma City, Oklahoma. … Kansas. Topeka, Kansas. … Texas. Houston, Texas. … Mississippi. “Welcome to Mississippi” sign. … Arkansas. Little Rock, Arkansas. … Louisiana. … Alabama. … More items…•

What state has highest gas prices?

Here are the 10 most expensive states to fill up (as of Thursday), according to AAA:Washington state: $3.55.Nevada: $3.48.Alaska: $3.47.Oregon: $3.43.Idaho: $3.20.Utah: $3.19.Arizona: $3.15.Pennsylvania: $3.01.More items…•

How much did gas cost in the 80s?

For the average American, drivers went from paying $0.36 per gallon at the pump in 1970 (which is equal to about $1.72 per gallon in today’s dollars) to $1.19 per gallon in 1980 (which is equivalent to about $2.95 per gallon). In the late ’70s and early ’80s, there was a massive global recession.

When did gas go over $1?

However, after these turbulent fuel price decades gas basically stayed at the same price, around 1.1 -1.2 dollars per gallon from 1981 to 1999. Of course there was some variation, but increases rarely exceeded 25 cents. In fact, the average price of gas in 1999 (1.165) was a bit cheaper than it was in 1981 (1.19).

Why is gas so cheap in the US?

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.

How much did a gallon of gas cost in 1944?

Supporting InformationYearGasoline Price (Current dollars/gallon)Gasoline Price (Constant 2011 dollars/gallon)19440.212.1619450.212.0919460.211.9019470.231.9080 more rows•Aug 20, 2012