Oklahoma’s average price of $4.041 per gallon on Sunday set a new record, surpassing the state’s average highest price earlier this month, according to AAA Oklahoma.
What’s the highest gas prices have ever been in Oklahoma?
highest recorded average price
| Price | Date | |
|---|---|---|
| Regular Unleaded | $4.542 | 6/15/22 |
| Diesel | $5.413 | 5/5/22 |
What were gas prices in 2008 in Oklahoma?
GASOLINE PRICES: AAA Oklahoma said the average price of gas Friday in Oklahoma City was $1.53 a gallon, with many locations under $1.50. That compares to an average price of $3.80 six months ago.
What was the highest gas price in history?
If only life were like that. As it stands, the average price for a gallon of gasoline in the United States right now is $4.865, according to AAA. That’s a new all-time high not only on a national level but in all 50 states. The new high eclipses the previous record of $4.103 set in 2008.
Why were gas prices so high in 2008?
In June 2008 U.S. energy secretary Samuel Bodman said that insufficient oil production, not financial speculation, was driving rising crude prices. He said that oil production had not kept pace with growing demand.
How high will gas prices go in Oklahoma 2022?
Gasoline prices per litre, octane-95: We show prices for Oklahoma from 25-Apr-2022 to 01-Aug-2022. The average value for Oklahoma during that period was 1.25 U.S. Dollar with a minimum of 1.11 U.S. Dollar on 25-Apr-2022 and a maximum of 1.38 U.S. Dollar on 13-Jun-2022.
What was gas prices in 2012 in Oklahoma?
Prices in 2012 averaged $3.73.
What was the cheapest gas in the last 10 years?
U.S. gas price since 1978
- 2015: $2.51 ($3.09 inflation-adjusted)
- 2016: $2.20 ($2.67 inflation-adjusted)
- 2017: $2.47 ($2.92 inflation-adjusted)
- 2018: $2.79 ($3.24 inflation-adjusted)
- 2019: $2.70 ($3.08 inflation-adjusted)
- 2020: $2.24 ($2.50 inflation-adjusted)
- 2021: $3.13 ($3.44 inflation-adjusted)
What is the highest gas price in America?
Data as of June 30, 2022. Western and Pacific states face the most costly gas in the nation, as the five states with the highest prices are California, Hawaii ($5.60), Alaska ($5.57), Nevada ($5.57) and Oregon ($5.49).
Why was gas prices so high in 2012?
AAA blamed hurricanes, refinery outages and tensions in the Middle East for the high prices. The third most expensive year on record was 2008, when prices averaged $3.25 a gallon.
How much was gas 1975?
Supporting Information
| Year | Retail Gasoline Price (Current dollars/gallon) | Retail Gasoline Price (Constant 2015 dollars/gallon) |
|---|---|---|
| 1974 | 0.53 | 2.03 |
| 1975 | 0.57 | 1.98 |
| 1976 | 0.59 | 1.96 |
| 1977 | 0.62 | 1.94 |
How much was gas in 1982?
Supporting Information
| Year | Gasoline Price (Current dollars/gallon) | Gasoline Price (Constant 2011 dollars/gallon) |
|---|---|---|
| 1982 | 1.31 | 2.68 |
| 1983 | 1.22 | 2.40 |
| 1984 | 1.16 | 2.19 |
| 1985 | 1.13 | 2.08 |
Will oil prices go down in 2022?
Citigroup said earlier this week that crude oil could collapse to $65 per barrel by the end of 2022 if a recession reduces global demand. And Alex Kuptsikevich, a senior market analyst at FxPro, told Fortune that there are signs that demand for oil is “running out of steam,” which could lead prices to fall further.
How much was a gallon of gas in 1970?
36 cents per gallon
gas was only 36 cents per gallon in 1970!
Why was gas so cheap in the 90s?
Global output continued to push prices down in the early 1990s. In inflation-adjusted dollars, gasoline at points during the decade was cheaper than it had been since the federal government started keeping track in 1929.
What will gas prices be in 2025?
The price was expected to fall to $3.25/MMBtu in 2024 and $2.75/MMBtu in 2025 and beyond.
What will gas prices be in 2024?
Gas price prediction April 2024: Gas’s price for April 2024 according to our analysis should range between $12.818 to $14.748 and the average price of GAS should be around $13.783.
Why is gas so expensive in Oklahoma?
(KTUL) — The average price at the pump in Oklahoma is almost 80 cents higher than it was this time last year, according to AAA. That is due to inflation and the Russian invasion of Ukraine, AAA Spokesperson, Leslie Gamble, said.
When was the last time gasoline was under a dollar?
The last time an individual gas station sold fuel for less than $1 was in 2016 in Iowa, according to GasBuddy. The national average last held that level in 1999, U.S. government data show.
Why are gas prices cheaper in Oklahoma?
Consider it a “double discount.” Oklahoma’s gasoline taxes are among the lowest in the nation, Oklahoma state gasoline tax and fees are 17 cents less a gallon—less than half the national average. There are only 4 states in the country with cheaper gasoline taxes.
How much was gas 1978?
65 cents to 71 cents
In 1978, the average price of a gallon of regular unleaded gasoline in U.S. cities ranged from 65 cents to 71 cents.