How much was gas back in 1998?
How much was gas back in 1998?
Supporting Information
| Year | Retail Gasoline Price (Current dollars/gallon) | Retail Gasoline Price (Constant 2015 dollars/gallon) |
|---|---|---|
| 1998 | 1.06 | 1.47 |
| 1999 | 1.17 | 1.60 |
| 2000 | 1.51 | 2.02 |
| 2001 | 1.46 | 1.91 |
What were gas prices in the 90s?
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 |
|---|---|---|
| 1990 | 1.15 | 1.89 |
| 1991 | 1.14 | 1.81 |
| 1992 | 1.13 | 1.75 |
| 1993 | 1.11 | 1.68 |
Why was gas cheap in 1998?
Lower crude oil prices and an oversupply of gasoline — helped by a mild winter — combined to push gas prices downward, according to Trilby Lundberg, editor of the Lundberg Survey.
Why was gas so cheap in 1999?
Gas prices down again – Feb. 7, 1999. LOS ANGELES (CNN) – A weak oil market pushed gas prices down almost a penny per gallon, according to the Lundberg gasoline survey. The bi-weekly survey of 10,000 gas stations across the United States showed that the average price of all grades of gasoline was down .
How much was gas in 1980s?
American drivers had it rough back in 1981. The average price of gasoline spiked to $1.353 a gallon that year — up from $1.221 in 1980 and more than double the price just three years earlier. Adjusted for inflation, the average price of gas in 1981 would have equaled $2.421 a gallon in 2020.
Why was gas cheap in the 80s?
The glut began in the early 1980s as a result of slowed economic activity in industrial countries due to the crises of the 1970s, especially in 1973 and 1979, and the energy conservation spurred by high fuel prices.
What was gas prices back in 1999?
Supporting Information
| Year | Retail Gasoline Price (Current dollars/gallon) | Retail Gasoline Price (Constant 2015 dollars/gallon) |
|---|---|---|
| 1998 | 1.06 | 1.43 |
| 1999 | 1.17 | 1.55 |
| 2000 | 1.51 | 1.97 |
| 2001 | 1.46 | 1.86 |
