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Any answer given is relative. As raw numbers go, gas hit it's height during the days and weeks after 9/11 when gougers were charging $7-$8 per gallon in some places, this under the office of George Bush. The height of market prices fall under the Obama administration. The highest by comparison to wages would go to Woodrow Wilson when gas was .20¢ a gallon, but the average American annual income was $1,500.00. At 15 mpg, the old Model T would have tipped a whopping $113.00 a year to run (10,000 mile yearly average), about 14% of the year's bankroll.
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Did the gas prices drop when Ragan was president?
No sir
What country has the highest natural gas prices?
Lithuania :DThe country has only one natural gas suplier - Russian state controlled Gasprom, which keeps prices unbearable for the most of Central Eastern Europeans.
Is obama going to change gas prices?
We don't know yet for sure but his energy advisor, Steven Chu, has said numerous times that gas prices should be increased to help "curb global warming". In the summer of 2008, Chu stated that we needed to raise the tax on gas to get it to be the price of gas in Europe to make people drive less. The price of gas was $8 a gallon in Europe at the time. Whether Obama would attempt such a strategy is unknown. Obama has never said he wanted gas prices to be lower, even dismissing eliminating the gas tax during times of high priced gas. Obama most likely will increase gas prices, but not to the extent Chu advises. be looking for the $5.00 gallon gas this summer, the change occurring in May.
How do rising gas prices affect teenagers?
The rising gas prices will affect teenages just as the rising gas prices affect everyone.
What will gas prices be in 30 years?
In 30 years, gas prices will be well above $8.00.
