2-21-2011 $3.09 a gallon in Illinois
3.50 to 3.85 in CA. I expect 4.00 a gallon within weeks.
i think it was 55 cents
When I was a teenager in the mid 50's I remember gasoline was .25 - 30 cents a gallon so probably a barrel of oil was in the $10 range.
gas was .38 cents and butter was only .08 cents a stick.
The true cost of gasoline from a manufacturing standpoint is very low. The white gas is what is left over from all refining processes. It is because of all the profits from prior refining that the white gas becomes costless. This may be difficult for some to understand being that basic economics teaches that nothing is free. There is a cost to everything manufactured and gasoline is not an exception. Additives and transporting will add to the cost. As stated it is still very low. Just what the cost is is a matter of creative paperwork. But for now please consider that Shell Oil had a cost of just 5 cents a gallon. Yes, FIVE CENTS a gallon. That cost was considered to be transportation cost. This cost was during the mid 1980's when gasoline was around say, $1.25 a gallon. For some manufacturers the cost will be different but still low as compared to what consumers are paying. Iraq, Saddam Hussein period gasoline was stated to be 4 cents a gallon. Saudi Arabia, same time gasoline was stated to be 7 cents a gallon. I forgot the name of the country in South America, gasoline was 15 cents a gallon. Once again, the true cost of gasoline is low...because of all the profits from refinement of the crude to produce oils, minerals, solvents, metals, plastics and distillates to name a few.
A gallon of gasoline cost about $1 in the USA in 1980
david bought 15 gallons of gasoline. his total cost was $13.60. how much was the gasoline per gallon?
It cost 3.95
$.15
On 1975 it cost about 27 cents
1.03
$1.23
20 cents
The U.S. price of gasoline was about $1.40/gallon in 1996.
In 2009, the US national average cost of one gallon of regular gasoline was $2.35
Depends on the cost of the gasoline per gallon.
Average cost for 2005 was $2.38 per gallon.
The average cost of regular gasolene in 1960 was $0.31 .