How much was the average price of gas in 2014?

Why was gasoline so expensive in 2012?

The biggest reason gasoline prices are rising is because the cost of oil is rising — and oil accounts for 70% of the cost of a gallon of gasoline. Brent oil, a leading worldwide benchmark, has risen 52 cents a gallon in the last two months, according to the American Petroleum Institute.

What was the highest price of gas in history?

What is the highest priced gas in history? 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 2008?

2008 was also the year gasoline hit its highest one-day price ever — $4.11 per gallon in July. At the time, a red-hot global economy and fears over dwindling supplies were some of the factors that sent both gas and oil prices to their highest level ever. Related: U.S. oil prices could sink to $50.

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’s the average price of a gallon of gas?

In the last five years, the price of gas has remained steady between $2.45 and $2.75 per gallon. Gas prices are based largely on supply and demand. Typically, gas costs less during the winter months when drivers are less likely to be on the road.