Jun 12
Average U.S. Gasoline Prices
Year Price Per Gallon
1980 $1.22
1985 $1.96
1990 $1.22
1995 $1.21
2000 $1.56
2001 $1.53
2002 $1.44
2003 $1.64
2004 $1.92
2005 $2.34
2006 $2.63
2007 $2.85
2008 (to April)
 $3.24
Source: U.S. Bureau of Labor Statistics Consumer Price Index (CPI). Average Price Data, Gasoline All Types.





Jun 5

At the beginning of May, we mentioned that a bunch of gas stations were discovering that their older pumps couldn’t handle prices over $4. They ticked up to $3.99 9/10 / gallon and that was it. For now, it appears that some regulators are allowing such gas stations to start selling gas by the half gallon — or, rather charging half-price and doubling it at the register. They’re only allowed to do this if they can show that they’ve ordered new parts that will handle up to $9.99 — though, of course the folks who make such parts are running out of them quickly as a bunch of stations are rushing to upgrade. Any bets on how long until we’ll be writing about the gas stations running into problems when the price of gas reaches $10/gallon? What’s scary is that even at the half price ($2.03/half gallon), it wasn’t that long ago when that seemed really high for a full gallon.

Video link below..

http://www.cnn.com/video/#/video/us/2008/05/26/acosta.old.school.gas.pumps.cnn