When was gas $4 in Texas?

The price for a gallon of gasoline hit the $4 mark Monday in El Paso.

When was the last time we had $4 gasoline?

There's only been one stretch when average regular conventional gasoline prices exceeded $4 per gallon on average: June and July 2008. Prices peaked at $4.05 during the week of July 14, 2008, per the U.S. Energy Information Administration.

What was the highest gas prices in Texas ever?

More Videos. TEXAS, USA — After spiking overnight, the statewide gas price average on Thursday in Texas hit $4.34 for a gallon of regular unleaded fuel, according to the American Automobile Association (AAA) Texas Weekend Gas Watch. This is now the new all-time record-high in the state.

Was there gas over $4 in 2008?

According to travel website AAA, the current national average price of regular unleaded is $4.72 per gallon. Back in the summer of 2008, right before the financial crisis sent the economy into a deep recession, prices peaked at $4.11.

How much was gas in 2016 in Texas?

The statewide gas price average has not been cheaper over Labor Day weekend for Texans since 2016, when the average price was $2.01 per gallon. The average was $2.52 and $2.59 per gallon in 2017 and 2018, respectively.

Texas average gas price is $4 a gallon now

When was gas $4 a gallon in 2008?

The average price of gas broke $4 in the US for the first time since 2008. The all-time high for average gasoline prices was set in July 17, 2008, at $4.10 per gallon.

How long was gas over $4 in 2008?

On Tuesday, the price of a gallon of regular gasoline broke a 14-year record in the U.S., according to the American Automobile Association (AAA), as the national average gas price soared past its previous peak of $4.144 per gallon, set in July 2008, and continued rising to hit $4.318 per gallon on Thursday.

How much was gas in 2008 vs 2022?

When accounting for inflation, gas prices were highest in June 2008. A gallon of gas cost $3.99 that month, but when adjusting that into May 2022 dollars, it equates to $5.33 per gallon.

When was gas $5 a gallon Texas?

Here's how it got here and what's ahead. A gas pump is seen at a Chevron gas station on June 9 in Houston, Texas. Gas prices nationally hit an average of $5 a gallon, according to AAA. Gasoline prices in the U.S. just hit $5 a gallon for the first time, and there's little relief in sight.

What was the highest gas prices in Texas in 2008?

The state of Texas set its record high for unleaded on July 17, 2008, at $3.99 a gallon, according to AAA.

How much was gas in 2009 in Texas?

The economy in 2009 played a major role in dictating gas price levels, according to a report released by AAA Texas on Wednesday. Gas prices in Texas are currently at $2.47 per gallon, which is a dollar higher than they were in the state on Dec. 30, 2008, AAA Texas said.

Was gas ever $4 dollars a gallon?

The all-time high for U.S. gas prices was $4.10 in July 2008, according to Bloomberg.

What was the highest gas price 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 is the highest gas ever been?

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.

Why were gas prices so high in 2012?

Gasoline prices in 2012 reached record highs partly as a result of unanticipated production disruptions from refinery fires, pipeline closures and major hurricanes. Oil prices also were higher as a result of tensions in the Middle East including new sanctions on Iran.

Why were gas prices so high in 2007?

Whereas previous oil price shocks were primarily caused by physical disrup- tions of supply, the price run-up of 2007–08 was caused by strong demand confronting stagnating world production.

Why was gas so high in 2005?

Hurricane Katrina forced several refinery operators in the Gulf Coast, where about 40 percent of the nation's refining capacity is located, to shutdown. Pressuring gas supplies even more were power outages that shut down two major pipelines that pump gas to key terminals and distribution centers along the Eastern U.S.

How high did fuel prices get in 2008?

It was the summer of 2008, just before the U.S. economy hit a massive recession, prices at the pump peaked at $4.11, according to Kiplinger, a business and finance news site.

What caused the 2008 gas crisis?

As demand grew and the supply of oil remained relatively flat, the difference between the amount of oil the world could produce and the amount it consumed narrowed. That meant a supply disruption from one place in the world could not be easily covered with spare oil from another part.

What was gas prices in Texas 2012?

“The statewide average for the year in Texas was $3.43 in 2012. The previous annual record was $3.37 in 2011 and the third most expensive year for gas prices was in 2008 when the annual average was $3.13.” The most expensive month last year was April, when gasoline prices averaged more than $3.80 a gallon.

What were the gas prices in 2011 in Texas?

Texas had the most expensive statewide average on record for gasoline in 2012, with the annual average price for a gallon of regular unleaded at $3.43. AAA Texas said Thursday that the previous annual record was $3.37 in 2011. The third most expensive year for gas prices was 2008 at $3.13.

What was the highest gas price from 2016 to 2020?