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The price of gas on June 17 was $3.67.5 a gallon, 25.1 cents lower than a month earlier but 96.8 cents above a year earlier. [11] On June 24, the price of gas was $3.62.8 and expected to go much lower due to the opening of the Strategic Petroleum Reserve. U.S. oil prices fell below $90 before rising again, and Brent crude fell 2%. [12]
The next year in 2011, as America was digging itself out of the worst economic catastrophe since the Great Recession, gas soared to $3.53 per gallon — or $4.75, when adjusted for inflation ...
The cost of gas has been volatile in recent years as markets react to world events, but it hasn't always been that way. ... 2011. Price per gallon: $3.53. Adjusted for inflation: $4.82.
Gas prices within the last 10 years highlight how volatile the market can be. When looking at historical data, gas prices were the same in 2011 as they were in 2023 — $3.52 per gallon.
Retail markup over crude oil and wholesale gasoline, 2014–2019 Oil, gas, and diesel prices RBOB Gasoline Prices. In 2008, a report by Cambridge Energy Research Associates stated that 2007 had been the year of peak gasoline usage in the United States, and that record energy prices would cause an "enduring shift" in energy consumption practices. [6]
Target support on natural gas prices are seen near an upward sloping trend line that comes in near 2.67. The weather continues to point to cooler than normal temperatures throughout most of the ...
While producer prices in the U.S. increased by more than expected rising by 3.5% year over year, it was pulled down by natural gas prices which are lower on a year over year basis.
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