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9 according to the chart, in which year was the average price for a gal…

Question

9 according to the chart, in which year was the average price for a gallon of gasoline most expensive? average gas prices (per gallon) month, year gas price june, 1991 $1.12 8/10 june, 1993 $1.09 7/10 june, 1995 $1.18 6/10 june, 1997 $1.18 9/10 june, 1999 $1.09 5/10 june, 2001 $1.54 8/10 june, 2003 $1.45 2/10 june, 2005 $2.12 3/10 june, 2007 $3.02 4/10 june, 2009 $2.59 7/10 source: energy information administration—retail gasoline historical prices: united states options: 2007, 2003, 2001, 2009

Explanation:

Step1: Analyze each year's gas price

  • 2007: $3.02\ 4/10$ (which is $3.02 + \frac{4}{10}=3.02 + 0.4 = 3.42$)
  • 2003: $1.45\ 2/10$ (which is $1.45+\frac{2}{10}=1.45 + 0.2 = 1.65$)
  • 2001: $1.54\ 8/10$ (which is $1.54+\frac{8}{10}=1.54 + 0.8 = 2.34$)
  • 2009: $2.59\ 7/10$ (which is $2.59+\frac{7}{10}=2.59 + 0.7 = 3.29$)

Step2: Compare the prices

Compare the decimal values: $3.42$ (2007), $1.65$ (2003), $2.34$ (2001), $3.29$ (2009). We can see that $3.42$ is the largest.

Answer:

2007