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What was the Price of gasoline the last time oil was 38.00 a barrel?
Wiki User
∙ 13y ago
The year when the average cost of a barrel of crude oil was $38.00 was 2004. That year, the average price per barrel was $37.66. The average cost for a gallon of regular gasoline in 2004 was: $1.88 per gallon.
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoThe average price for a barrel of crude oil was $50.04 in 2005. That year, the average price for a gallon of regular gasoline was $2.30
Wiki User
∙ 13y agoThe average price for a gallon of regular gasoline was .39 cents in 1973. In that year, the average price for a barrel of crude oil was $4.75
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Crude oil was $79.32 a barrel in October 2007. That month, the average price for a gallon of regular gasoline was $2.793
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In December 2009, the price of crude oil was $70.53 per barrel.
How has the price of a barrel of oil changed over the last 15 years?
From 1995 to 2010, the average price of a barrel of crude went from $16.75 to about $70.00. It hit a high of $91.48 in 2008.
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1979 was the last time gasoline was actually selling for $1.00. But if you adjust the price for inflation the price was below $1.00 in 2008.
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From 2005-2010, the average price for a barrel of crude oil is: about $67.00.
When oil was 140 dollars per barrel we paid over 4 dollars a gallon for gas but now oil is 70 dollars per barrel so why do we pay almost 3 dollars per gallon instead of 2 dollars?
The price of gasonline is more than just what is paid for the oil extracted from the ground. That gasoline price also includes refining, shipping, and sale (like the people who work at gas stations). From December to June 2009, gasoline prices went from about $1.50 to $2.50, while oil went from $30/barrel to $70/barrel. That translates, very roughly, to a $1 increase per gallon of gasoline for every $40 per barrel of oil. That would mean that if oil sold for $0, gasoline would still cost about $.75 a gallon. Keep in mind, the $1 gasoline for $40 of oil is a very unscientific method. Yet it is somewhat consistent. At July of last year, oil was $147, and gasoline costed on average $4.12, I think. That means the cost of oil then was about $80 more than it is right now. That translates to an extra $2/gallon for gasoline. Add those two dollars to the current price of $2.50/gallon, and you end up with an estimated $4.50- not a far cry from the actual $4.12.
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2004
How long will a 50 gallon barrel of gasoline stay good for?
Untreated gasoline starts to go bad after 30 days. Treat it with a fuel stabilizer and theoretically it will last one year. If you keep it that long I would mix the treated gas with 50% fresh gas when you use it. That 50/50 mix will be ok to use. Untreated gasoline over 60 days old mix with 80% fresh fuel before using.
How will gas prices rise by Christmas?
It is hard to certain but it seems that gas price wil fall by a considerable amount by Christmas. The price of oil has dropped $50 a barrel in the last month. I would expect gas prices to drop by 75c to a dollar a gallon by Christmas.
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