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Historical Gasoline Prices #5382708 03/22/20 09:06 AM
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Snagglefoot Offline OP
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Here is the average gasoline price in the USA courtesy of Gas Buddy. It only goes back 10 years. What's missing is the large gas price increase in 2005 when oil first hit $50/bbl. Enjoy.

Gasoline Prices.PNG

If you want the job done right......do it yourself.
Re: Historical Gasoline Prices [Re: Snagglefoot] #5382742 03/22/20 09:33 AM
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Rmay635703 Online Content
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Originally Posted by Snagglefoot
Here is the average gasoline price in the USA courtesy of Gas Buddy. It only goes back 10 years. What's missing is the large gas price increase in 2005 when oil first hit $50/bbl. Enjoy.


There was a LONG time up until 2005 that anything above $1 and some change was considered highway robbery. (Including diesel)

Had people already in 2009 who couldn’t remember a time when gas was a buck.

Re: Historical Gasoline Prices [Re: Snagglefoot] #5382743 03/22/20 09:33 AM
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Mr Nice Offline
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Hopefully it goes to $1 a gallon.

Re: Historical Gasoline Prices [Re: Snagglefoot] #5382753 03/22/20 09:40 AM
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Snagglefoot Offline OP
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Here is a chart that goes back to 1990. According to this, It was actually 2002 when gasoline started ramping. Enjoy.

Gasoline 2.PNG
Last edited by Snagglefoot; 03/22/20 10:06 AM.

If you want the job done right......do it yourself.
Re: Historical Gasoline Prices [Re: Snagglefoot] #5382759 03/22/20 09:48 AM
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Rmay635703 Online Content
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Originally Posted by Snagglefoot
Here is a chart that goes back to 1990. It was 2002 when gasoline started ramping. Enjoy.


I wasn’t paying over a $1.50 until 2005,

I remember it because that is when I started mixing $0.85 e85 with rug because I had never seen gas that expensive before.

I ran a lot of e50 for a long time because it used to be nearly half the price.

Re: Historical Gasoline Prices [Re: Mr Nice] #5382794 03/22/20 10:08 AM
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FT92 Offline
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Originally Posted by Mr Nice
Hopefully it goes to $1 a gallon.

don't think that will happen in Pennsylvania , our tax on gas is about a dollar a gallon

Re: Historical Gasoline Prices [Re: Snagglefoot] #5382810 03/22/20 10:18 AM
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sloinker Offline
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Spot futures prices are about .75/gallon. Add state and fed tax and any profit margin and you should be well below $1.50 in most states, so we are still getting gouged.


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Re: Historical Gasoline Prices [Re: Snagglefoot] #5382817 03/22/20 10:28 AM
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WhyMe Offline
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probably will never see that low prices again in the state of WA. every time it goes down the gov uses the excuse that they need more gas tax money and since gas is cheap we won't feel it if they raise it. Wa gov is crooked as it gets

Re: Historical Gasoline Prices [Re: sloinker] #5382823 03/22/20 10:31 AM
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kschachn Offline
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Originally Posted by sloinker
Spot futures prices are about .75/gallon. Add state and fed tax and any profit margin and you should be well below $1.50 in most states, so we are still getting gouged.

People who have no idea what they are talking about should refrain from posting as though they do.


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Re: Historical Gasoline Prices [Re: Snagglefoot] #5382869 03/22/20 11:14 AM
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69GTX Offline
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The price peak of oil was actually $149/bbl back in July 2008. That's back when bankers and hedge funds were buying oil tankers full of oil and parking them on speculation. The banking crisis in Aug-Oct 2008 brought that to an end fast as oil plummeted

Oil and commodities in general last peaked back in 2006-2008. It appears at this point commodities in general are heading towards 15-20 yr lows. Oil recently dropping from $76 to $21 just joined in. We're probably going to be having cheap oil and gas prices for at least 1-2 yrs. WTIC oil prices are now back to late 2001 prices.

Last edited by 69GTX; 03/22/20 11:14 AM.

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Re: Historical Gasoline Prices [Re: Rmay635703] #5382874 03/22/20 11:17 AM
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Yah-Tah-Hey Offline
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Originally Posted by Rmay635703
Originally Posted by Snagglefoot
Here is the average gasoline price in the USA courtesy of Gas Buddy. It only goes back 10 years. What's missing is the large gas price increase in 2005 when oil first hit $50/bbl. Enjoy.


There was a LONG time up until 2005 that anything above $1 and some change was considered highway robbery. (Including diesel)

Had people already in 2009 who couldn’t remember a time when gas was a buck.

First fill-up of my first vehicle in fall of 1957 was $0.31 gallon.

Re: Historical Gasoline Prices [Re: Snagglefoot] #5382881 03/22/20 11:21 AM
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Kestas Offline
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It's $1.39 where I fill up at Costco. Geez... how low can it go? Too bad we can't stock up on gas!

Re: Historical Gasoline Prices [Re: Snagglefoot] #5382898 03/22/20 11:40 AM
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Number_35 Offline
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I started buying gas in 1974, and it was steady around C$0.55/Imperial gallon (about C$0.121/litre). Saw it posted at C$0.739/litre yesterday, so about 6x the 1974 price.

Per the Bank of Canada's inflation calculator, if gasoline had tracked inflation exactly it would now cost about C$0.667/litre. So, in real $ over the time I've been buying gas, it's not much more expensive than it was then. And of course my wage went up a lot over those years, and my present car gets much better mileage than my car of those days. So, bottom line, on average here we're paying way less for gas as a % of our income than we did back then. YMMV!

Bank of Canada Inflation Calculator

Re: Historical Gasoline Prices [Re: Number_35] #5382911 03/22/20 11:58 AM
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Snagglefoot Offline OP
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[quote=Number_35]I started buying gas in 1974, and it was steady around C$0.55/Imperial gallon (about C$0.121/litre). Saw it posted at C$0.739/litre yesterday, so about 6x the 1974 price.

Per the Bank of Canada's inflation calculator, if gasoline had tracked inflation exactly it would now cost about C$0.667/litre. So, in real $ over the time I've been buying gas, it's not much more expensive than it was then. And of course my wage went up a lot over those years, and my present car gets much better mileage than my car of those days. So, bottom line, on average here we're paying way less for gas as a % of our income than we did back then]/quote]

Cool. I tried it out on the $0.17 per liter I saw in 1980 which for some reason is etched on my memory from a wild and crazy ski trip to Banff. It would be $0.55 now, not too far from the $0.80 it’s at this morning.
laugh

Last edited by Snagglefoot; 03/22/20 12:02 PM.

If you want the job done right......do it yourself.
Re: Historical Gasoline Prices [Re: Snagglefoot] #5382924 03/22/20 12:14 PM
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Many stations are at $0.699 in Calgary yesterday. Lowest I can remember in the last 20 years.


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