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What were gas prices in January 2009?

What were gas prices in January 2009?

On average, gasoline prices rose around 6 cents. The national gasoline average is now about a $1.17 below the price this time last year….

Regular gasoline/gallon $1.85 ↑ .06
Diesel fuel/gallon $2.30 ↓ .02

How much was regular gas 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

What was the highest gas price in 2009?

Gas prices have fallen for 26 days in a row after climbing to $2.693, the highest level of 2009, on June 21.

Why did gas prices go down in 2009?

Oil prices fell from a high of $133.88 in June 2008 to a low of $39.09 in February 2009. 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 did milk cost in 2009?

Food. The price of a gallon of milk is often included in statistics about the costs of living over certain years, and in November of 2009, the average price of a gallon of whole milk was $3.03, according to the U.S. Bureau of Labor Statistics. In November of 2019, that same gallon cost $3.18.

How much did a car cost in 2009?

Buying power of $15000 since 1935

Year USD Value Inflation Rate
2009 $100,998.43 0.95%
2010 $102,040.13 1.03%
2011 $105,093.10 2.99%
2012 $106,535.35 1.37%

What was the lowest gas price in 2020?

$2.17 per gallon
U.S. average gasoline prices and vehicle travel fell to multiyear lows in 2020. U.S. regular retail gasoline prices averaged $2.17 per gallon (gal) in 2020, 44 cents/gal (17%) lower than in 2019 and the lowest annual average since 2016.

What is the highest gas price ever?

The highest ever price for a gallon of regular gas was $4.11 in July of 2008, according to AAA. Around the country, Idaho has seen the biggest spike in fuel prices over the last week, with gas costs jumping 10 cents, according to AAA.

Does oil go up in a recession?

Historically, U.S. recessions have been preceded by sharp spikes in oil prices. Crude jumped after the U.S. confirmed the killing of a top Iranian military official. “One of the things that can derail a bull market is a spike in oil prices that can cause a recession,” said Bespoke’s Paul Hickey.

How much did a dozen eggs cost in 2009?

Egg Prices By Year And Adjusted For Inflation

Year Average Egg Prices by Year* Egg Prices Adjusted for Inflation in 2020 Dollars
2009 $1.66 $1.86
2010 $1.66 $1.83
2011 $1.77 $1.79
2012 $1.84 $1.80

How much was a Big Mac in 2000?

2000s: $2.39 (That doesn’t necessarily mean it was cheaper than it was in 1998, though; the other figure was an average of prices from multiple cities, and it’s not clear what city that $2.39 is from.)

Will car prices ever go down?

The high prices of used cars may finally be dropping: Sonic Automotive president. The average transaction price for a used car was $25,410 in the second quarter of 2021, up 21% year-over-year, the highest average price for a pre-owned vehicle that Edmunds has ever tracked.

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.

What was the price of gas in January?

Value January 25, 2021 2.478 January 18, 2021 2.464 January 11, 2021 2.403 January 04, 2021 2.336

When was the last time gas was less than$ 2?

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 are the top five states with the highest average gas prices today?

What was the cost of a gallon of gas in 2019?

In 2019, one gallon of regular gasoline cost 2.6 U.S. dollars in the United States; 2004 was the last time gas was under two U.S. dollars.