How much was a Litre of petrol in 2008?
How much was a Litre of petrol in 2008?
Petrol Prices
| Petrol Prices 1983-2022 | ||
|---|---|---|
| Year | Price per Litre (p) | Petrol Price in constant terms (1983=100) |
| 2008 | 103.9 | 110.9 |
| 2009 | 89.9 | 96.2 |
| 2010 | 111.9 | 114.8 |
Why were gas prices so high 2008?
The spike in oil prices in July 2008 came at the tail end of a decade-long energy crisis. Surging demand from developing economies, stagnant production, financial speculation, and tension in the Middle East caused oil and gas prices to steadily climb over the 2000s.
What was the price of natural gas in 2008?
Oil prices fell from a high of $133.88 in June 2008 to a low of $39.09 in February 2009. 1 Over the same time period, natural gas prices fell from $12.69 to $4.52.
What was the petrol price in 2007?
Historic Fuel Price Difference in India from 2003 to 2022 – Last 20 Years
| Month Year | Petrol / Litre | Fuel Price Difference / Litre |
|---|---|---|
| Apr-07 | Rs 43 | Rs 12.75 |
| Apr-08 | Rs 45.5 | Rs 13.74 |
| Apr-09 | Rs 44.7 | Rs 13.84 |
| Apr-10 | Rs 48 | Rs 9.9 |
How long did it take gas prices to drop in 2008?
They cut back spending in order to fill their gas tanks. When the price reached the record-high $4.114 a gallon set on July 17, gas prices had risen already 35% year-over-year. Gas prices finally began to sink on Aug. 21, as the dollar strengthened and oil prices saw their biggest drop in 17 years.
Why is UK fuel so expensive?
Fuel prices have increased sharply because the price for crude oil, which is used to make petrol and diesel, has gone up. Crude oil was cheaper at the beginning of the Covid pandemic, because many businesses temporarily closed and demand for energy collapsed. As life returned to normal, the demand for energy increased.
Who has the cheapest gas?
“Texas continues to have the cheapest gas price average of any state in the country,” said AAA Texas spokesperson Daniel Armbruster. “However, market optimism for crude and gasoline demand
What year was the highest gas prices?
Prices at the pump are at their highest level since 2014 and they show no signs prices are 9.7 cents higher than a month ago and 86.7 cents higher than a year ago. “Gas prices saw their sharpest rise in months last week as oil surged to $93 per
Why are gas prices so high?
Prices climb when oil supplies are threatened. If major oil-producing countries continue to produce a lot of oil, the supply will be high, and gas prices will decrease. On the other hand, war or conflict can threaten crude inventories, causing gas prices to soar.
What was the lowest gas price in the US?
The average price of gas in the US is$2.584,but many states fall below the national average.