Author Topic: what was the lowest you remember gas????  (Read 11964 times)

Offline tallguy58

  • Hero Member
  • *****
  • Posts: 876
Re: what was the lowest you remember gas????
« Reply #75 on: January 31, 2014, 06:38:22 PM »
Here's our sad tale.
Cheers........Bill

Offline Nick in Manitou

  • Hero Member
  • *****
  • Posts: 609
Re: what was the lowest you remember gas????
« Reply #76 on: February 01, 2014, 12:41:35 PM »
This response may take up a little too much vertical room, but I was surprised at what I understood from it!  Looking at the price of gas from when we were younger makes the gas sound much cheaper, but thinking about what average incomes were then can change the perspective a bit.  While in high school I pumped gas and the price per gallon was much less than it is now...but then again, at that point I was only making about 1/6th of what minimum wage is now...

(I modified it a little to adjust for formatting here.)

Average Annual Retail Price of Gasoline, 1929 - 2011 Year
From: https://www1.eere.energy.gov/vehiclesandfuels/facts/2012_fotw741.html

Year  | Price then |That price in 2011 $   
1929    0.21    2.29
1930    0.20    2.21
1931    0.17    2.10
1932    0.18    2.51
1933    0.18    2.56
1934    0.19    2.57
1935    0.19    2.52
1936    0.19    2.57
1937    0.20    2.53
1938    0.20    2.55
1939    0.19    2.47
1940    0.18    2.40
1941    0.19    2.35
1942    0.20    2.31
1943    0.21    2.20
1944    0.21    2.16
1945    0.21    2.09
1946    0.21    1.90
1947    0.23    1.90
1948    0.26    2.02
1949    0.27    2.09
1950    0.27    2.07
1951    0.27    1.93
1952    0.27    1.93
1953    0.27    1.92
1954    0.29    1.99
1955    0.29    1.98
1956    0.29    1.92
1957    0.30    1.91
1958    0.31    1.94
1959    0.30    1.88
1960    0.31    1.86
1961    0.31    1.87
1962    0.31    1.83
1963    0.31    1.80
1964    0.30    1.76
1965    0.30    1.73
1966    0.31    1.73
1967    0.32    1.72
1968    0.33    1.71
1969    0.34    1.65
1970    0.35    1.62
1971    0.36    1.58
1972    0.36    1.55
1973    0.36    1.45
1974    0.39    1.43
1975    0.53    1.80
1976    0.57    1.81
1977    0.59    1.77
1978    0.62    1.74
1979    0.63    1.62
1980    0.86    2.03
1981    1.19    2.58
1982    1.31    2.68
1983    1.22    2.40
1984    1.16    2.19
1985    1.13    2.08
1986    1.12    2.01
1987    0.86    1.50
1988    0.90    1.52
1989    0.90    1.46
1990    1.00    1.57
1991    1.14    1.73
1992    1.13    1.67
1993    1.11    1.60
1994    1.11    1.58
1995    1.15    1.59
1996    1.23    1.68
1997    1.23    1.65
1998    1.06    1.40
1999    1.17    1.52
2000    1.51    1.93
2001    1.46    1.83
2002    1.36    1.67
2003    1.59    1.92
2004    1.88    2.20
2005    2.30    2.60
2006    2.59    2.84
2007    2.80    2.99
2008    3.27    3.41
2009    2.35    2.43
2010    2.79    2.85
2011    3.53    3.53
Notes: Retail price includes Federal and State Taxes.
Price is for Regular Leaded Gasoline until 1990 and for Regular Unleaded Gasoline thereafter.
Constant dollars calculated using the Gross Domestic Product Inflation Index.

Offline DNO

  • *
  • Posts: 90
Re: what was the lowest you remember gas????
« Reply #77 on: February 04, 2014, 11:20:03 PM »
I welll remember 39 cents for an imperial gallon in the early '70's here in Toronto.  I'd often stop and get one dollar's worth of gas (not self-serve, either)...that would keep my '63 Chevy 2 rolling along for a while.
David

Offline N7LTH

  • *
  • Posts: 27
Re: what was the lowest you remember gas????
« Reply #78 on: February 05, 2014, 12:52:16 PM »
I remember the gas wars of the late 1960's- saw it as low as $0.229/gallon... too bad I was only old enough to drive a pedal tractor then :)
You know you have either phonitis or phonosis when your favorite film is "Dial Comes to Town".

Offline McHeath

  • Hero Member
  • *****
  • Posts: 3349
Re: what was the lowest you remember gas????
« Reply #79 on: August 15, 2015, 12:24:07 AM »
Oddly enough on our recent trip from Calif to Oregon and Washington gas prices were not all much cheaper up North.  No where was gas more than 25 cents a gallon cheaper than we are paying here in central Calif.  In fact in Washington prices were pretty much a dead wash, the same thing more or less. 

Offline Phonesrfun

  • Hero Member
  • *****
  • Posts: 4867
  • "Number Please"
Re: what was the lowest you remember gas????
« Reply #80 on: August 15, 2015, 12:30:27 AM »
In my county (Walla Walla) in southwest Washington, our gas prices are appalling. 
-Bill G

Offline dsk

  • Hero Member
  • *****
  • Posts: 3498
Re: what was the lowest you remember gas????
« Reply #81 on: August 15, 2015, 05:42:59 AM »
It has always been ekspensive, some days ago I spotted NOK 16/liter or approx $7.5 pr gal.

 >:(

dsk

I have even got a regular New York number :-) 646 570 1796

Offline AE_Collector

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 7491
  • AE 2 - AECo's 1st Self Contained Desk Phone 1925
Re: what was the lowest you remember gas????
« Reply #82 on: August 16, 2015, 07:29:55 PM »
Throughout North Anerica the underlying theme since oil went in half in the last quarter of 2014 is that refined gasoline hasnt dropped much at all. Probably even more so (less so!) uin Canada and particularily in Greater Vancouver where we are said to have the highest gasoline prices in North America .

When oil went in half from about $90 a barrel to $45 a barrel last fall, our gas prices slowly dropped 1/4 in price from $1.35 Canadian per liter to $1 per litter which is probably reasonable considering that crude oil prices might make up half the cost of gasoline. But then oil recovered between 1/4 and 1/3 of its losses back to around $58 through the late winter and spring which "ironically" caused our gas prices to "spring" right back to where it had been last October, $1.35 a liter.

Now oil has plummeted to an even lower price of about $42 and our gas price has so far slid to $1.27 a liter.

Companies that only produce crude have understandably lost 50% to 75% of their share value. Companies that only refine gasoline have share values that are way up in value and companies that do both have seen little change in their share value since the killing they are making on the refining  side offsets the loss on the crude production side.

Ridiculous......

Terry
« Last Edit: August 17, 2015, 01:00:47 AM by AE_Collector »

Offline NorthernElectric

  • Hero Member
  • *****
  • Posts: 526
Re: what was the lowest you remember gas????
« Reply #83 on: August 16, 2015, 08:31:33 PM »
Throughout North Anerica the underlying theme since oil went in half in the last quarter of 2014 is that refined gasoline hasnt dropped much at all. Probably even more so (less so!) uin Canada and particularily in Greater Vancouver where we are said to have the highest gasoline prices in North America .

When oil went in half from about $90 a barrel to $45 a barrel last fall, our gas prices slowly dropped 1/4 in price from $1.35 Canadian per liter to $1 per litter which is probably reasonable considering that crude oil prices might make up half the cost of gasoline. But then oil recovered between 1/4 and 1/3 of its losses through the late winterand spring ionically caused our gas prices to "spring" right back to where it had been last October, $1.35 a liter.

Now oil has plummeted to an even lower price of about $42 and our gas price has so far slid to $1.27 a liter.

Companies that only produce crude have understandably lost 50% to 75% of their share value. Companies that only refine gasoline have share values that are way up in value and companies that do both have seen little change in their share value since the killing they are making on the refining  side offsets the loss on the crude production side.

Ridiculous......

Terry

Agreed!  It seems like whenever the price of crude drops half the refineries shut down 'for maintenance' thereby artificially reducing the supply of of gasoline when falling prices stimulate demand.  So prices stay high and the refiners save money on wages.  The federal and provinicial governments won't do anything about it as long as they are getting percentage based revenue.
Cliff

Offline 19and41

  • Hero Member
  • *****
  • Posts: 1951
Re: what was the lowest you remember gas????
« Reply #84 on: August 17, 2015, 02:24:34 PM »
I started using gasoline at around 50 cents/gal.  I was in the military at the time and my earnings came to $401/month.  I don't think I have ever seen truly cheap fuel.  Only seemingly cheap fuel after price spikes which only serve as practice for a price increase.  :)
"Any sufficiently advanced technology is indistinguishable from magic."
Arthur C. Clarke

Offline andre_janew

  • Hero Member
  • *****
  • Posts: 1455
Re: what was the lowest you remember gas????
« Reply #85 on: August 17, 2015, 03:25:27 PM »
I think I started driving when gas was 50 cents/gal.  I have noticed that whenever there is a rumor of someone contaminating gas by spitting in it, the price goes up. 

Offline 19and41

  • Hero Member
  • *****
  • Posts: 1951
Re: what was the lowest you remember gas????
« Reply #86 on: August 17, 2015, 03:37:51 PM »
Here is one market watchers' explanation if the current state of affairs, at least for the U.S..

http://www.marketwatch.com/story/why-gas-prices-are-rising-as-oil-falls-to-6-year-lows-2015-08-15
"Any sufficiently advanced technology is indistinguishable from magic."
Arthur C. Clarke

Offline TelePlay

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 7230
  • Available by PM
    • . . . the times they been a'changing
Re: what was the lowest you remember gas????
« Reply #87 on: August 17, 2015, 06:29:46 PM »
Here is one market watchers' explanation if the current state of affairs, at least for the U.S.

Funny that his explanation didn't include the known fact that the US has not allowed a new refinery to be built in some 40 years while demand has grown each of those 40 pushing each existing refinery to capacity so if any problems, actual or manufactured, at a refinery would have a big effect on supply. Also didn't mention that demand also plays a part. Most of the gas stations I see each day, and I drive some 200-300 miles a day so I see a lot of them, have but one or two cars filling up at stations that have 16 to 20 pumps, anytime of the day. Morning rush has no lines for gas, a daily common event with reasonable gas prices (un-spiked gas prices). And if consumers once again become trained into driving less, as when gas was over $4 a gallon (sorry, you liter guys, it is cheaper in gallon areas it seems), crude supply will be huge and once again full capacity refining will flood the market with gas dropping the price substantially. I see people predict gas will drop below $2 a gallon once the refinery is "fixed." Ah, they're just playing with us, finding way to more quickly vacuum hard earned money out of our pockets, I fear. But, then I might be wrong in all this so please, never mind.
            John . . .

              

Offline 19and41

  • Hero Member
  • *****
  • Posts: 1951
Re: what was the lowest you remember gas????
« Reply #88 on: August 17, 2015, 06:52:11 PM »
Our refining capacity has been a sore point since the Katrina debacle, at least here in the southeast.  Our prices ballooned to extortionate levels in two days, then dried up completely.  It took months to get back to normal.  It was at first like the embargo days again that first couple of weeks. 
"Any sufficiently advanced technology is indistinguishable from magic."
Arthur C. Clarke